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Bundled loans are giving the new federal mortgage rules a run for their money. On October 17th, 2016, Canada released its new federal mortgage rules. These rules were created to help regulate loans and protect the Canadian economy. For a refresher click on the following link, http://dodicklandau.ca/canadas-new-federal-mortgages-rules/. Canada’s subprime mortgage providers are now offering borrowers…

In our last blog, we touched a bit on the recent changes to, Ontario’s Putting Consumers First Act. For a refresher click on the following link, http://dodicklandau.ca/changes-to-ontarios-putting-consumers-first-act/. If the new changes are approved there will be few things that you, as a consumer should be aware of. Home Inspections Once the new changes are passed,…

To start 2017 debt free, we will discuss a few topics that have already made an impact throughout media headlines. PAYDAY LOANS IN 2017 We discussed in a previous blog the sensitivity surrounding payday loans. For a refresher click on the following link: http://dodicklandau.ca/payday-loans/. As of January 1, 2017, Ontario lowered it’s maximum total cost…

On December 07, 2016, the credit rating agency Equifax stated in a press release that Canada’s delinquency rate and average debt has risen. Canada’s delinquency rate has increased 3.6 percent. This increase is shown when comparing the last +90 day period to the same period in 2015. Canada’s delinquency rate is measured by dividing the…