January 21, 2013 By Robb Engen Moneyville.ca  A good credit score is important if you plan to borrow money because it means you'll qualify for lower interest rates on loans and have access to a variety of credit offers. Your credit score indicates the risk you represent...

Our household debt is at a record high and gets higher every time Statistics Canada releases new data on debt-to-income ratios.  From 84% in 1990 to 164.6% today — it's an alarming leap, a dramatic number that may actually have scared some of us into...

Jed Kolko, Trulia|Nov. 12, 2012 What tricks do sellers and their agents use when setting the price of a home? To find out, we looked at the asking prices of homes for sale on Trulia since October 2011, excluding foreclosures, to see whether certain numbers...

Summer is the time when many Canadians take advantage of the warmer weather and perhaps even some vacation time to renovate and upgrade their homes. The Canadian Mortgage and Housing Corporation (CMHC ) statistics show that in 2009, over 2.1 million Canadians initiated home renovations...

By Luann Lasalle, The Canadian Press August 24, 2012 A widely anticipated downturn in the housing market may not be as bad as feared because the important 25to34 age group will continue to buy houses - some with help from their well-off parents, says a senior...

By Alexandra Posadzki, The Canadian Press The Bank of Montreal predicted Tuesday that the Bank of Canada will keep its key interest rate low for longer than it expected. Economists at the bank are now predicting that the central bank will not raise its key rate...

Robert McLister Globe and Mail Update Published Wednesday, May. 03, 0002 12:00AM EST Last updated Friday, May. 04, 2012 7:56AM EDT Finding a good mortgage rate online is a cinch. Anyone who has ever looked for rate comparison sites knows the Internet is packed with them.  But determining the best...

Pamela Heaven Apr 24, 2012 – 2:51 PM ET | Last Updated: Apr 24, 2012 2:56 PM ET http://business.financialpost.com/2012/04/24/time-running-out-to-buy-your-dream-home-in-u-s-economist-warns/ If you’re thinking of buying property in the United States, buy now because prices won’t stay in the basement much longer, says a BMO economist. “While there’s little...

Economists are pretty much in agreement that the Bank of Canada, while still maintaining its interest rates at a stimulus-level 1.00%, also adopted a more hawkish tone in its latest comments. Mark Carney, governor of the central bank, highlighted an improving global economic outlook while also...