Canadian Housing Affordability Improves 4Q 2010

Decreases in five-year fixed mortgage rates and minimal home price appreciation made housing more affordable. This is a far cry from affordability due to a massive decrease in housing prices (great for those getting, brutal for those looking to renew their mortgages)....

Canadians In Debt To the Eyeballs

In its 12th annual assessment of the state of Canadian family finances, the Vanier Institute of the Family reports that average family debt has now hit $100,000. The debt is mostly attributed to the increase in housing costs. Many homes have seen 100-200% increases in...

Revolving Credit Debt Rose in December 2010

US credit-card debt rose for the first time since 2008. What’s hilarious about this whole observation, as reported by the FED, is that it’s an indicator that a) Americans are spending more, b) Americans have a short memory. Part of the inability to recover...

Better Credit Card Rewards Increase Debt

Uh oh, Canadians beware. Lately Americans have overtaken their Northern neighbors when it comes to savings versus spending. Canadians have more per-capita consumer debt than their US counterparts. Canadians can’t help but overspend what they earn despite the...

Loonie’s Affect on Equity Funds? Solutions?

The fall and dramatic rise of the Canadian dollar over the last 12 months is a prime example of the volatility that currency adds to Canadians’ global investments. What does this mean for financial investments? Put simply, the dollar increase meaning foreign...