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The Best Way To Pay Off Your Credit Card Debt

Need help getting out of debt?There are various debt-reduction tactics available, but the most well-known is the debt snowball and debt avalanche methods.  In this article, we will explain the differences between the two methods so that you can decide which one to apply. The Debt Snowball Strategy The objective of the debt snowball is Read more about The Best Way To Pay Off Your Credit Card Debt[…]

Canadian Government Act

The Canadian Government is Closing its Doors to Foreign Homebuyers

The Act Prohibiting Non-Canadians from Purchasing Residential Property will be in effect for two years beginning January 1, 2023.  Non-Canadians are prohibited from directly or indirectly purchasing a residential property under the Act.  The Canadian government enacted this law out of public concern for housing price inflation.  Ottawa plans to limit foreign investment in Canada’s Read more about The Canadian Government is Closing its Doors to Foreign Homebuyers[…]

How To Prepare Your Finances For A Recession

According to Jean-François Perrault, chief economist at Scotiabank Economics, the Canadian economy will enter a technical recession by 2023. Let’s begin by defining recession: what is it? A recession technically means a setback, which signifies that economic progress is slowing; we call it a recession after about two-quarters of decline. The region’s gross domestic product Read more about How To Prepare Your Finances For A Recession[…]

Holiday Shopping

Holiday Shopping & Budgeting Tips to Avoid Overspending

December is typically a costly month. It’s all too easy to overspend during the holidays. Extra money is spent on gifts, holidays, clothing, restaurants, and parties. This is an excellent opportunity to consider how you might use the days of Christmas and New Year to save strategically for next year. It is possible to enjoy Read more about Holiday Shopping & Budgeting Tips to Avoid Overspending[…]

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Using your Home Equity to Buy a Second Home

Do you wish to buy a new house but don’t have the necessary funds? If you have equity, the options for this may become more available. However, there are a few factors to consider when buying a second house with equity from your current property.  All of this will be covered in this blog post. Read more about Using your Home Equity to Buy a Second Home[…]

population in canada

Canada’s Population has Reached a Record High

Did you know that Canada’s population growth has hit a record? According to Statistics Canada, the country has experienced its fastest population growth rate since the baby boom’s peak, primarily due to immigration. Early in the Covid-19 epidemic, Canada saw decreased levels of immigration. Newcomers to Canada from all over the world have not been as Read more about Canada’s Population has Reached a Record High[…]