Below you'll find a list of all posts that have been tagged as “Canadians”
Only Half of Canadians Know! Many Canadians have a good understanding of financial services terms. A recent Angus Reid survey revealed that 51 percent of respondents were confident they knew what a mortgage deposit was, with 48 percent admitting they were “not very confident” or “not at all confident” they understood the term. It’s easy to see why there’s some …
Young Canadians are facing difficult financial decisions with the cost of living increasing and the cost of becoming a first-time homebuyers unaffordable for many. That means that the high cost of a wedding — average $46,000 — may be the difference between homeownership as singles or married life as renters. An analysis from RateSupermarket.ca found that an overwhelming 84% of …
According to a CIBC poll, 1 in 4 Canadians are focussing on paying down their debts in 2019 as interest rates rise. Results of the survey found that 29% of respondents increased their amount of debt in 2018. This increase was due to the following: Day-to-day Items – 34% Purchasing a New Vehicle – 24% Paying for a Home Repair …
Starting October 1, 2018, it will be easier for the self-employed to qualify for a mortgage. CMHC just announced it’s giving lenders more guidance and flexibility to help self-employed borrowers. The move is designed to assist self-employed Canadians who may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable. CMHC is providing examples of factors …
