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Shan Thayaparan | Real Estate Sales Representative Serving 
Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Financial Health / My Blog

Governments "hypocritical" over household debt says Fraser Institute

7/19/2017 | Posted in Financial Health by Shan Thayaparan

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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

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Household debt could hit unprecedented levels in 4 years

6/23/2017 | Posted in Financial Health by Shan Thayaparan

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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer.

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Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Shan Thayaparan

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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ...

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A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

5/25/2017 | Posted in Financial Health by Shan Thayaparan

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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ...

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Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Shan Thayaparan

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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

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High house prices prompt Moody's downgrade for Canadian banks

5/11/2017 | Posted in Financial Health by Shan Thayaparan

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Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

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Canadian household debt hits another record in fourth quarter

3/15/2017 | Posted in Financial Health by Shan Thayaparan

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The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ...

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The classic RRSP season dilemma: Contribute or pay down your mortgage

1/27/2017 | Posted in Financial Health by Shan Thayaparan

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The type of person you are will inform the math that goes into your decision.

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Paying off mortgage sooner among top financial goals

1/25/2017 | Posted in Financial Health by Shan Thayaparan

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More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal.

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Canadians keep digging themselves deeper into debt

12/14/2016 | Posted in Financial Health by Shan Thayaparan

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Canadian household debt hit a record high in the third quarter, as the country’s love affair with low interest rates fuelled another round of heavy borrowing.

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38 per cent of Canadians with a mortgage have financial difficulty

11/25/2016 | Posted in Financial Health by Shan Thayaparan

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A new report from Manulife Bank reveals that many Canadians are living paycheque-to-paycheque including a large percentage of those with a mortgage.

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Canadians continue to pile up non-mortgage debt: report

11/16/2016 | Posted in Financial Health by Shan Thayaparan

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Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion.

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Canada's record household debt is threatening its financial stability

10/26/2016 | Posted in Financial Health by Shan Thayaparan

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Canada’s debt, swelled by a decade-long housing boom to almost triple the size of its economy, is drawing increasing concern from an international banking community that ...

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Canadian household debt level rises, hits 163.7% of disposable income: Statcan

12/14/2015 | Posted in Financial Health by Shan Thayaparan

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Canadian household debt hit a new record in the third quarter, as borrowing rose faster than income. Statistics Canada said Monday the ...

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CIBC report warns of increasing insolvencies

6/12/2015 | Posted in Financial Health by Shan Thayaparan

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There has been an uptick in the number of Canadians becoming insolvent according to a report from CIBC. The mortgage lender says that although bankruptcies are down, by 4.7 per ...

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