Canadians piling up ‘good debt,’ report says The Globe and Mail, Kiran Rana, August 12, 2015 Canadians are borrowing more, but much of what they owe is “good debt,” a new report suggests. The average amount of debt Canadians now hold rose significantly to about $93,000 in June from $76,140 a year earlier, according to (…) Continue Reading →
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Aug
11
Saskatoon Mortgage Broker Shares Article on What the Best Age is to Downsize
What is the best age to downsize? We have the answer Tuesday August 11, 2015 The perfect age to downsize is 64, research has revealed. Ahead of the 50+ Show at London’s Olympia, a study by Retirement Move has found that this is the time when we are generally mentally agile enough to be able (…) Continue Reading →
Aug
10
Saskatoon Mortgage Broker shares article on the lower bound for rates
The Lower Bound for Rates Robert McLister, August 10, 2015 Many argue against variable-rate mortgages given that rates “can’t drop much more.” But while it’s true that rates are near the bottom, there’s still a question of “where’s the bottom?” The Bank of Canada’s floor for the overnight rate—the rate that drives prime rate—was previously established (…) Continue Reading →
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