According to a report published by CAAMP – housing industry was a major player in the Canadian economic recovery from the last recession. Government intention to slow the market took its toll already but the full impact is yet to be felt – according to Will Dunning,
Read more →
CMHC has published its First Time Home Buyers Survey. It is full of useful information for the mortgage professionals. That does not mean that a home buyer can not gain form it. It is very useful to understand the mindset of a first time home buyer. Who
Read more →
A recent RBC poll reported that Majority of Canadians have reported a reduction in their debt. 62% of Canadians were able to lower their debt this year compared to last year. The same poll also said that the average debt went up this year compared to 2012.
Read more →
Loan applications start with some major ingredients – access existing credit is one of those. Existing trades (Like credit cards or LOCs) writs your history of credit handling. We live in the days of borrowed money. Even the frugalest of all has debt. No matter how they
Read more →
Mortgage brokers deal with many lenders in their day to day business activities. Some they hold dear to their heart and some are just business partners. CMP runs this survey every year and the results are out. Interesting facts: 21% brokers think commission will go down in
Read more →
An interesting poll from Ipsos shows that girls like to text more than boys. In North America the main use of cell phone is for making calls. Young generation like to send more texts then older generation.
Read more →
I wonder what impression an early teen has about his/her parents. Some old sayings are – at this age they start to think that my friends’ dad is smarter than my own (It could be wrong). That could be different from kid to kid and dad to
Read more →
According to a survey conducted by BMO shows that 23% of Canadians are living paycheque to paycheque in 2013. These 2013 number are somewhat comparable to the 2012 but shows a huge improvement over 2011 survey.
Read more →
As the borrowers grow old – they slowly come to this realization that the debt is here to stay, says a poll conducted by CIBC.
Read more →
More than four in five Canadian have debt, says a survey published by BMO – Bank of Montreal. In 2012 only seven in ten had debt but it went up by 15% in 2013. Mortgage is one of the main sources of debt for Canadians. More than
Read more →
In a relationship – be it a new one or the long lasting one – there are many baggage, finance is one of them. Talking about finance with the partner is not the most romantic topic but could prove to be a big problem if you do
Read more →
Canadians are as usual more concerned about their neighbours’ debt than their own – that is the findings of recent CAAMP survey. More than eighty percent of the people agreed that they are comfortable with their loan to value ratio. To put things into perspective – CMHC
Read more →