Tag: mortages

Differing Degrees of Misery is still Misery

Just how much money do you need to be among the global 1 percent? According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. or $1,141,429.20 CDN using an exchange rate of 1.31 as of the time of this post. Credit Suisse defines net worth,…

read more

The fairy tale of Canadian fiscal prudence

With household debt at 17 trillion, a savings rate at a fraction of what it was 30 years ago, and waves of warnings from international banks and Nobel-winning economists about our debt-fuelled housing market, any pretense to Canadian fiscal prudence is relegated to the land of folk-lore and fairy tales. As a collection agency with…

read more

The Bank of Canada vs. the Government of Canada

In an interview earlier this month, Canada’s Finance Minister Jim Flaherty suggested that the Bank of Canada (BoC) could feel pressure to raise short-term rates later this year if the US Federal Reserve continues to taper its extraordinary stimulus. Mr. Flaherty also cited reports from the International Monetary Fund (IMF) and the Organisation for Economic Co-operation…

read more

Higher Alberta Residential Rents Around the Corner?

Finance Minister Jim Flaherty announced this past week that effective July 9, 2012 CMHC mortgage insurance will only be available on mortgage amortization periods to a maximum of 25 years from the current 30 years.  Furthermore, home equity lines of credit (HELOC) will be limited to a maximum of 80 percent assessed value, down from the…

read more

Aug/Sept 2011- Alberta Mortgage Arrears Skyrocket

Alberta Mortgage Arrears Skyrocket Although bankruptcy trends appear to be favorable with improvements in the provincial economy recent data from the Canadian Bankers Association shows mortgage delinquencies skyrocketing in Wild Rose Country. Should you be experiencing negative changes in the payment behavior of your customers CASE can help! As a collection agency with offices in…

read more