519-646-2222Category: Something to Think About
House Prices & Insolvency
House prices & insolvency filings have a tragic relationship, houses are the single largest purchase that the majority of people will purchase on credit. The government has put various protocols in place to provide some modicum of protection for consumers against aggressive lenders. However, even these measures have done little to help. In February 2019 […]
Read moreShameless Credit Card Industry
Canada’s shameless credit card industry is being investigated most for the fees it charges, but it is unlikely that we will see changes in consumer protection laws thathelp abate the need for credit.
Read moreDebt is Destructive
Debt is the most destructive force you and your family face. Getting out of debts relatively simple – staying out of debt is extremely challenging.
Read moreDebt Slavery in Canada
Debt slavery is a real thing. Debt has quite literally taken over the Canadian economy, with most consumers unable to make it through a month without resorting to the use of debt to make up for the shortfall in living costs left by declining incomes and growing inflation.
Read moreMore Debt is NOT the answer
More debt is not the answer, when the government is offering you more debt or some form of self-liquidation you should be looking for alternative solutions.
Read more1979 – 2024 cost of living
between 1979-2024 the cost of living has changed dramatically – and unfortunately in the wrong direction.
Read moreHousing – What are the Pundits saying?
What are the pundits saying about Canada’s housing market, who do you listen to, and what data do you consider?
Read moreDebt and Lifestyle
Debt and lifestyle are of course very closely related, the more debt you have to repay the more negative the impact of debt on your lifestyle, or so we might think. But what if you never had to actually repay the debt, what if instead you cold keep growing the debt, using new debt to […]
Read moreSCAMS – Gullible, Hopeful or Desperate?
Scams, one must wonder if people are gullible, hopeful or desperate to finally achieve some level of success in life. I use the term “finally” because the victims are usually middle aged or older. There could be other reasons as well such as resources – older people are more established and are more likely to […]
Read moreBuying a home is not a great idea
Buying a home is not a great idea for a whole bunch of reasons. Most people are socially hard wired to believe that buying a home increases their wealth, in fact it is the opposite – buying a home increases someone else’s wealth. Buying a home drains the purchasers finances and makes them more financially […]
Read moreGo Bankrupt, or keep paying the Mortgage?
Should you go bankrupt or keep paying the mortgage? You must understand that going bankrupt is not only about your past or even you present, but it will also affect your future. A well timed bankruptcy can save you hundreds of thousand of dollars.
Read moreCanada Obsessed with Debt
Canadians are obsessed with debt for good reason, the country is economically in a mess, with only about 10% of income earners being able to afford without access to some form of debt.
Read moreThe Illusion of Wealth
The illusion of wealth is an important feel-good for individuals, governments and banks, all for different reasons.
Read moreRates, Prices, and Wages
Change your focus, shift your priorities for home ownership. Rates, Prices and Wages are in reverse order, currently rates remain at an historic low, prices are far too high and wages way to low.
Read moreBank Issued Credit Cards.
Bank Issued Credit Cards are expensive and one of the most damaging aspects of the Canadian Consumer economy!
Read moreThe Changing face of Debt in Canada
Debt in Canada has outgrown all domestic production, Canadians now have about five times (5X) as much debt as they do income.
Read moreHOUSE PRICING:
There are many factors that drive house pricing, and a multitude of market conditions, some of which have been very unusual in recent years. Join the conversation, let us know what you think.
Read moreDEATH AND TAXES:
Death and taxes, so cliche, yet so appropriate when talking about Canada’s economy.
Read moreTHE PROBLEM WITH YOUR INCOME:
Income is an often overlooked economic problem in Canada, people have become so accustomed to using credit to bridge the gap between inflation and their income that they simply accept the status quo.
Read moreHousing Costs
Housing costs have dropped slightly in the home sales sector but remain high in rental markets. Meanwhile incomes are continuing to trend downwards.
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