Canadians are pretty much on the edge

We keep seeing more articles about Canadians pretty much on the edge financially. Here is another article discussing just how serious it is: Nearly Half Of Canadian Homeowners Aren’t Prepared For Emergency Expenses: Manulife Bank Survey.It seems that relatively small changes in interest rates will put many Canadians over the edge. Read More

The residential mortgage – easy street for borrowers

I have been trying to figure out if the borrowers are so tight on cash (as reported in many newspaper articles, how do they manage to survive the 5-year renewal? Silly me, it’s just that I don’t understand the rules. Let’s Look at an Example Mortgage Situation To get things Read More