Balancing financial priorities as parents – Consult with a Vancouver Mortgage Broker

By Gail Vaz-Oxlade | MoneySense Where to draw the line between providing for your children and saving for your own retirement. Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?” Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping […]

In a nation of borrowers, savings on the rise – Consult with Vancouver Mortgage Broker

Are Canadians switching from a nation of borrowers to a country of … savers? New numbers suggest they are. The household savings rate in Canada rose to 5.5 per cent in the first quarter of this year, according to GDP data released last week by Statistics Canada. That’s now well above the U.S. rate, which […]

How to Pay your Mortgage and Save Money at the Same Time – From your Vancouver Mortgage Broker

How to Pay your Mortgage and Save Money at the Same Time – From your Vancouver Mortgage Broker It’s never really overly wise to tell your lender that you are looking to buy a house which you can afford. You can take it from your Vancouver mortgage broker that when you’re looking at buying a […]

How to Save a Lot of Money on your Vancouver Mortgage – From your Friendly Vancouver Mortgage Broker

How to Save a Lot of Money on your Vancouver Mortgage – From your Friendly Vancouver Mortgage Broker It’s hard to believe but it was only a mere 5 years ago when the rates for a Vancouver home mortgage were double what homeowners are paying at today’s rate.  If you were to calculate the difference […]

To Buy or not to Buy, that’s a Pretty Big Question (part 1)

To Buy or not to Buy, that’s a Pretty Big Question (part 1) This is part 1 of a 2 part series on down-payments for first-time buyers. A recent survey from TD Canada Trust indicated that 60% of recent homebuyers were not pleased with their down payment. A larger down-payment benefits the buyer in a […]

Save up for a down payment? The young adult’s struggle

If you asked 100 recent home buyers if they were satisfied with the size of their down payment, as many as 60 of them would say no. That’s what TD Canada Trust found in a recent survey of first time home buyers. This finding is hardly surprising: A bigger down payment means less interest paid, easier refinancing, […]

2 Out of 3 Don’t Shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. Manulife recently surveyed 1,000 Canadian homeowners between the ages of 30 to 59. Among respondents with a mortgage, two-thirds (65%) did not […]

Should you tackle your small or large debts first?

KATHERINE SCARROW Globe and Mail Update When it comes to tackling debt, logic isn’t always at the forefront of our decision-making. According to a new research study, consumers routinely mismanage multiple debts, paying off small debts first even when larger debts have higher interest rates. “People want to wipe the books clean,” says Scott Rick […]

Canadian banks envy of the world

MONTREAL – What’s wrong with this picture? Banks in the U.S. and Europe are struggling to adjust to new rules that limit their speculative trading and boost their capital requirements. They’re bracing for a big hit in credit markets if the European debt crisis gets any worse. But here in Canada, life is great. If […]

Five year-end tax tips to save you money next spring

With just a few weeks to go until the curtain falls on 2011, you still have time to squeeze in some year-end tax planning between those trips to the mall and the holiday parties. Time spent doing some planning before Dec. 31 can reap huge rewards come next April. Here are five things to consider: […]

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