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By: Gary Parkinson on October 19, 2012

In July of this year Finance Minister Jim Flaherty announced new mortgage lending rules, specifically tightening up Canadian bank lending practices and lowering the maximum amortization period of mortgages from 30 years down to 25 years. This was done in reaction to continuing reports of record household debt across Canada, which now has been revealed to exceed 160 percent of disposable income.

By: Cliff Ritter on October 18, 2012

There have been various cases across Canada this year highlighting the change in weather patterns and how they affect insurance policies for homeowners.  Violent and unexpected storms across Ontario and Quebec then later in Alberta left a trail of damage in neighbourhoods across the country as insurance providers warned of changes in coverage that would exclude many of these damages.

By: Daniel Rattanamahattana on October 17, 2012

The revisions to Stats Canada’s calculating household debt have put Canadians back on alert about how far the country has slipped into debt.  There was already talk of the debt balloon soaring higher than the U.S level from four years ago before the revisions, now the worry is even the slightest bump in interest rates could ruin the lives of overburdened Canadians.

By: Justin Leung on October 16, 2012

Questions that have been haunting many Canadians for the past year is how long will lending rates stay at their affordable low levels, and what will be the signs that they will be expected to rise?  Bank of Canada Governor Mark Carney has suggested raising rates for months now arguing that when inflation reaches a certain level, the rates must inevitably go up to match that level.

By: Gary Parkinson on October 15, 2012

When people hear the saying ‘things are not always as they seem’ it usually is a sign of bad news.  Unfortunately in the latest use of that phrase it is indeed bad news.  Canada has been trying to stand strong as economic chaos swirls in the rest of the world; but the problem isn’t entirely on the outside.

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By: Justin Leung on October 14, 2012

In a day and age where companies are using technology to find ways of cutting the cost of business there have been many positive advancements as well as negative criticisms.  When Canadians are supposed to trust institutions to give them accurate cost projections of something as important as home ownership, citizens should be able to trust thorough in-person appraisals are the norm of cost measurement.

By: Daniel Rattanamahattana on October 13, 2012

The world economy is not in the best condition, with some economists believing that certain countries are coming close to a second financial collapse, similar to the one that began in the U.S four years ago that subsequently had an impact across the globe.  This time the trigger point appears to be in Europe but with the global economy so intertwined, if one country is suffering, there are repercussions elsewhere.

By: Gary Parkinson on October 12, 2012

Canada has seen home prices soar to record levels while household debt has ballooned to 150 percent of GDP numbers; a figure dangerously close to the U.S debt level before the housing collapse four years ago.  According to newly released documents, Canadians may have an answer for why the cost for a home is so high and why record debt levels must be taken on to pay for it.

By: Gary Parkinson on October 11, 2012

Canadians have traditionally been fortunate enough to not have to stress too many thoughts over concerns of earthquakes in our borders.  But the seismic shifts taking place in geographical fault lines beneath the Earth’s surface have opened the door to risks of higher frequency of earthquakes on Canadian soil.