Debt advisors flood Canadian market

by Garry Marr, Financial Post · Wednesday, Dec. 22, 2010 It’s not just personal debt that has climbed to record levels. The companies offering to help you with massive debt are also proliferating. Call them debt-settlement agencies, debt-solution providers or whatever you want. Their names are plastered on bus shelters and newspapers and call out […]

Top 5 Mortgage Trends of 2010

In many ways, 2010 was the start of a return to normalcy. Interest rates began their slow march back to sustainable levels, non-insured mortgage options returned to the marketplace, and private default insurers re-asserted themselves. In other ways, 2010 was atypical. The government enacted sweeping new mortgage rules, banks competed far more aggressively, and mortgage […]

Top Ten New Year’s resolutions for financial consumers: OBSI

Canada’s Ombudsman for Banking Services and Investments (OBSI) released its Top Ten Resolutions for 2011, highlighting the ways in which Canadians can help avoid future problems with their financial affairs. While this list relates to financial institutions, CMP thinks the general tips can be applied to mortgage holders as well and offers good discussion points […]

How savers can find the best interest rates

By Les Whittington | Mon Jan 3 2011 Everyone says we should be saving more money. But what’s the point? You don’t need a calculator to figure out that, with inflation in Ontario at 3.4 per cent and banks at best offering 2 per cent interest, your nest egg could actually be shrinking. So what’s […]

Five financial habits to start in 2011

Making changes in a New Year is an old topic that is reborn every January. While some tips still hold water, there are many inspiring and positive strategies toward seeing your finances in a new way – just in time for the New Year. These habits are not only possible to implement at any income […]

Some tax breaks we are better off without

by Jonathan Chevreau, Financial Post · Wednesday, Jan. 5, 2011 A major difference between the United States and Canada is the tax deductibility of mortgage interest — Americans can, Canadians can’t. While many Canadians lament their misfortune, it may actually work in our favour since the lack of a tax break is one more incentive […]

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A third of Canadians curbing holiday spending: RBC Survey

TORONTO, November 10, 2010 — With the holiday season nearing, Canadians are planning to temper their spending with almost one-third (31 per cent) saying they will spend less on holiday expenses this year, according to a recent RBC survey. Furthermore, more than half (55 per cent) plan to keep their holiday spending flat and almost […]

Generation spend

Today’s youth are set to become bigger consumers than the boomers by Erica Alini on Monday, November 8, 2010 Jemal Countess/ Spencer Platt/Getty Images “If I want something I want it, no matter what,” says Kezia, one of the protagonists of a new Slice TV series Princess, where Til Debt Do Us Part host Gail […]

National resale housing activity improves in October

OTTAWA – November 15th, 2010 – National resale housing activity rose for the third consecutive month in October 2010, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.6 per cent in October 2010. […]

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