Monthly Archives: November 2014

How To Negotiate a Better Mortgage

The mortgage on your home is probably the largest piece of debt that you will ever take on. According to Canadian Real Estate Association data, the average Canadian house price in August 2014 was just under $400,000, and house prices are expected to continue to rise. When you’re likely to spend decades paying off a loan, it makes sense to negotiate good terms to begin with. While you shouldn’t expect miracles, banks do have some discretion over the terms of their mortgages. In this guide, we will teach you some smart ways to negotiate and get the best deal on your home loan.

Winter On A Budget

With snow coating the ground and winter’s icy grip taking hold, how do you plan to keep warm this winter? Heating your home in the Canadian winter can be expensive, particularly in unusually harsh winters like 2013-14. Luckily there are ways to cut back on your heating bill without getting frostbite, and this article will teach you a few of them.

How Does Credit Card Arbitrage Work?

We all know by now that credit cards are risky. Without good financial discipline, it is very easy to bury yourself under a mountain of debt, and very difficult to dig your way back out. But what if there was a way to make your credit card work for you? Not with rewards, or free gift vouchers, but cold, hard cash. There are some who believe that credit card arbitrage can do exactly that, but can it really be so simple? Do the rewards outweigh the risks?

Going Cardless

Credit card debt casts a long shadow over Canada. According to a 2013 report by RBC Economics, Canadians owe a total of $73.7 billion to their credit card companies. For reference, that is more than a quarter of what the Canadian federal government spent that year. So, how can you avoid becoming a statistic? How can you prevent yourself from sinking deeper into debt? For some Canadians, the answer is to avoid credit cards entirely. No credit card means no credit card debt.