Why People Don’t Invest

Many Canadians are inundated with debt through their mortgage, lines of credit, or personal and credit card debts. Many Canadians also live paycheque to paycheque, with minimal savings or investments, and have no idea how to get off the tread mill. And yet many are making a solid income. So why aren’t more Canadians investing? Here are the reasons I usually hear why people don’t invest: I have a mortgage (or rent) so I can’t afford to invest. I have a defined pension plan, so I’ll be okay ...

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Current Trends in the Mortgage Industry

So much of the world economy is gauged by the expansion and contraction of credit. Of all the loan products that contribute to the overall credit picture, mortgages – those loans secured by real property – are among the most influential toward the health of national economies. The converse is also true: the financial strength of any country significantly affects the availability and terms of mortgages loans. Interest rates, application fees and closing costs rise and fall with recessions, depressions, ...

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