12 easy ways to cut down on daily expenses

Spending money on small expenses might seem insignificant, but in fact they are slowly draining bank accounts and racking up credit card bills. If a $10 a day latte habit seems minor, consider the expense of more than $3,600 per year.  Making small, relatively painless changes can yield big savings. Here are a dozen ways to […]

Longer-Term Mortgages Gaining Popularity

The majority of Canadians (74%) would opt for a medium-term or longer-term mortgage if they were to acquire, refinance or renew a mortgage today, according to a CIBC poll. That includes 27% who think now is the time to look beyond the traditional 5-year fixed mortgage for a term of up to 10 years. 47% would choose a medium-term mortgage (three […]

So, how much are we earning? The average Canadian salaries by industry and region

Wanna know how much money we’re making at the start of 2014? Statistics Canada has just released its latest report on the salaries that Canadians are earning. And it turns out that we’re taking home a little more than we were a year earlier. The average wage for Canadian employees is currently $928 per week […]

Are you Self-Employed? Need a Mortgage?

Need a Mortgage? But you are Self-Employed? What you need to know if you are Self Employed and want to qualify for a mortgage to buy a home. If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.

What is your credit score? How can you improve it?

Your credit score is a number that illustrates your financial health at a specific point in time. It is also an indicator of how consistently you pay off your bills and debts. Your credit score is one of the factors lenders consider when qualifying you for a mortgage. Credit scores range from 300 to 900, […]