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Mortgage payments are presenting a potential crisis for residence in Canada. The crises being that the average monthly payment is growing faster than inflation as stated by the Canadian Mortgage Housing Corp. 75 percent of Canadian homeowners already find it difficult to pay off their mortgage if their payments were to increase by 10%. For…

Canadians are now using fewer credit cards, yet, credit card debt continues to increase. A survey conducted by TransUnion, the credit agency, revealed some interesting results. Canadians are racking up more credit card debt even though the number of active credit cards have decreased by 800,000. Fewer Canadians are opening-up new credit cards and, instead,…

Canadian homeowners have more of a challenge managing debt as summer approaches. There are many different types of debt that an individual can have. The most common types of debt include pay day loans, auto loans, tax debt, student loans, credit card debt, and mortgages. Mortgage rates have been a hot topic among Canadian homeowners…

Ontario’s Fair housing plan is a great tool towards debt protection. With Toronto’s unbearable renting market, this couldn’t come soon enough. A 1 bedroom apartment in Toronto is around $1800.00 per month which works out to $21,600.00 per year. Based on the average hourly rate of pay in Toronto, an individual can earn around 30,000.00…