Average Family Debt Rises To $96,000 in 2009 - 02/18/10 05:47 PM
A Canadian study on family finances says the average household debt has climbed to $96,000 in 2009.
The number of mortgage payments that were at least 90 days late was up 50 per cent compared with 2008.  There was also a 40 per cent increase in the number of credit card holders who were at least three months behind in their payments.
The finance minister has announced changes to the home buying process in an attempt to bring this personal debt down.  With low interest rates, people have been over extending themselves to get into the housing market.  This has left … (4 comments)

Thinking of buying or selling in 2010? - Maybe I can help! - 02/11/10 12:48 PM
We are now full steam into 2010 and many people are beginning to think about buying or selling real estate.  As you are making your plans, please consider the following points.
1. Interest rates are on the rise
Home buying has continued its hot streak from 2009 into 2010.  Interest rates remain low and continue to pull buyers into the market.  The threat of rising interest rates in July will have people rushing to get into new homes before the rates start to move.
2. HST will be introduced this July
While the tax will hit those who buy newly constructed … (0 comments)

 
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Sean Kavanagh

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