BANK OF CANADA RATE ANNOUNCEMENT

The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent. Global economic activity remains broadly on track with the Bank’s April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the…

Canadian Family Debt

Rising Rates & Toxic Debt

Rising rates & toxic debt. Just how big is the problem and what can be done about it? This is the million dollar question or should I say the $2 Trillion question. In the tail end of last year, Canadians amassed an astonishing $2 Trillion dollars of debt. Three-quarters of this debt come from mortgages, the…

Education in Real Estate is Key

Education in real estate is a key element in a successful real estate or financial decision you make. In 1999 when I got into this crazy world of finance I realized early on that consumers lacked in this fundamental component.  I have personally witnessed the ruin of many a man and woman. Trusting underqualified financial security…