Share While there is no evidence that Canada is experiencing a housing bubble, there is plenty of evidence that Canadians are developing a greater and greater debt burden. A recent Vanier Institute of the Family study suggests that the debt-to-income ratio for households in Canada is at 145%. This is the highest it has ever [...]
Share The RRSP deadline is on Monday, and so you are probably thinking about the best way to top up your contributions. With the recession ravaging finances, and the debt hangover from the holidays likely still dogging you, you might be tempted to borrow money for your RRSPs. Some people take out a line of [...]
Share The primary factor in determining your eligibility for a mortgage is, of course, your credit history. Lenders score your credit history with a program that generates a result called a FICO Score. Your FICO Score is determined by a point system based on your payment history: whether your payments have been made on time, [...]
