12/6/2018 | Posted in Financial Health by Century 21 People's Choice
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018. ... More

Real Estate & Mortgage News

  8/21/2018 | Posted in Canadian Economy and Housing Market by Century 21 People's Choice
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances. ... More

Real Estate & Mortgage News

  5/13/2018 | Posted in Financial Health by Century 21 People's Choice
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds. ... More

Real Estate & Mortgage News

  1/15/2018 | Posted in Mortgage Interest Rates by Century 21 People's Choice
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Real Estate & Mortgage News

  1/10/2018 | Posted in Financial Health by Century 21 People's Choice
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

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  12/8/2017 | Posted in Financial Health by Century 21 People's Choice
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

Real Estate & Mortgage News

  10/24/2017 | Posted in Financial Health by Century 21 People's Choice
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

Real Estate & Mortgage News

  9/24/2017 | Posted in Financial Health by Century 21 People's Choice
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ... More

Real Estate & Mortgage News

  9/22/2017 | Posted in Financial Health by Century 21 People's Choice
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication. ... More

Real Estate & Mortgage News

  9/19/2017 | Posted in Financial Health by Century 21 People's Choice
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter. ... More

Real Estate & Mortgage News

  9/12/2017 | Posted in Financial Health by Century 21 People's Choice
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate. ... More

Real Estate & Mortgage News

  9/6/2017 | Posted in Financial Health by Century 21 People's Choice
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans. ... More

Real Estate & Mortgage News

  8/24/2017 | Posted in Financial Health by Century 21 People's Choice
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With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average Canadian ... More

Real Estate & Mortgage News

  8/23/2017 | Posted in Financial Health by Century 21 People's Choice
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Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, according ... More

Real Estate & Mortgage News

  7/19/2017 | Posted in Financial Health by Century 21 People's Choice
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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says. ... More

Real Estate & Mortgage News

  6/23/2017 | Posted in Financial Health by Century 21 People's Choice
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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer. ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More

Real Estate & Mortgage News

  6/13/2017 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Millenials are confident in their financial future and in the housing market, according to a new study. ... More

Real Estate & Mortgage News

  5/18/2017 | Posted in Financial Health by Century 21 People's Choice
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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year. ... More

Real Estate & Mortgage News

  4/8/2017 | Posted in Toronto Real Estate by Century 21 People's Choice
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From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increases for resale houses in the city are amazing enough in their own right. ... More

Real Estate & Mortgage News

  3/15/2017 | Posted in Financial Health by Century 21 People's Choice
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The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

Real Estate & Mortgage News

  9/9/2015 | Posted in Real Estate Market by Century 21 People's Choice
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Canadian seniors are getting a lot more comfortable with debt and a growing number are using it to finance their lifestyle, including home purchases, according to an exclusive ... More

Real Estate & Mortgage News