Canadians are paying off their mortgages sooner

Mortgages-Infographic

 Fall 2013 Canadian Market Overview courtesy of RateHub: “Canadians are paying off their mortgages in 18.2 years”   Click here to view infographic data.

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2013 Mortgages – Infographic

2013 Mortgages: A Canadian Market Overview courtesy of RateHub “Out of 9.65 million Canadian homeowners, 3.7 million are mortgage free.” Click here to view infographic data.

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Why Japanese Monetary Policy Will Drive Global Mortgage Rates Lower

Japan, for the last 6 months or so, has embarked on an unprecedented economic experiment. Much like the US with their quantitative easing program, Japan has implemented its own but on a grander scale vowing to print as much money as needed to bring inflation back to Japan after a two-decade-long period of deflation. The [...]

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Your Biggest Asset? You!

Here is an excerpt from a very good article written by Manulife about the reality of your biggest asset: Canadians’ ability to earn income is usually their biggest asset, more valuable even than their home or other investments, and that asset is at greater risk than many realize, through death, disability and illness, says Steven [...]

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Vancouver Home Prices Strongly Correlated to China Growth

This article and graph demonstrates the amazingly strong correlation between Vancouver Home prices and the GDP growth of China. When China slows, Vancouver Home price gains suffer, when China grows so do Vancouver prices. http://www.bloomberg.com/news/2013-01-20/china-growth-sets-vancouver-home-prices-chart-of-the-day.html

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Pay Down Your Mortgage or Contribute to RRSPs?

Often debated among financial advisors is whether to pay down your mortgage or contribute to RRSPs. The following article does a decent job at explaining the pros and cons. What it fails to explain is that there are other investments out there that can fetch a better more consistent return than mutual funds or stocks [...]

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Research Now Before the RRSP Rush

It’s the new year and with that the fast approaching “RRSP season”. Most of us procrastinate on this and wait to the 11th hour to make a decision as to whether to put money into an RRSP and if so how much and into what investment. Usually our money goes to our favourite bank or [...]

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Should We Worry About a US-Style Housing Meltdown?

According to leading economist Benjamin Tal, in the latest CIBC Consumer Watch report, the Canadian housing market should not be compared to its counterpart in the United States for the two following main reasons: 1) Adjusted Rate Mortgages Don’t Exist in Canada While the 30-year fixed rate mortgage has long been the U.S. standard, 80% [...]

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5 Things You Didn’t Know About the Canadian Mortage Market

Here is a great article by ratehub.ca outlining the facts about the Canadian mortgage market. It will surprise many how little leveraged we really are and the speed at which we are paying off our mortgages. http://www.ratehub.ca/mortgage-blog/2012/11/5-things-you-didnt-know-about-the-canadian-mortgage-market-infographic-2/

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Alberta Housing at Record (Good) Affordability

According to the RBC affordability index, showing historical affordability of all provinces across Canada, most provinces show poor housing affordability in relation to historical norms with one huge exception- Alberta. Both Edmonton and to a lesser extent Calgary, show historically good affordability. In fact affordability in Edmonton has reached historical lows (low cost of ownership [...]

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