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Household debt climbs to record 162.6 per cent of disposable income

 
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TORONTO — A sustained period of low interest rates has allowed Canadians to rack up record levels of debt which, along with tumbling oil prices, pose a threat to the country's financial stability, economists say.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Bank of Canada more worried about household debt than falling oil prices

 
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OTTAWA — The Bank of Canada acknowledges that lower-than-anticipated oil prices “will weigh” on the economy, but policymakers are sticking to their hope for a “broadening recovery.” That may be an elusive quest if the other major weight on Canadian growth — a massive load of household debt —continues to climb higher.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

What to look out for when renegotiating a mortgage

 
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Renegotiating a mortgage can be like ending a bad marriage: Both can be painstaking processes, but can leave you facing a more stable future.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

TD Bank client 'devastated' by $17,000 mortgage penalty

 

With Realtors and Mortgage Brokers being at the front end of transactions it is very important the client is aware of the potential penalties when dealing with a Retail Bank, as the penalties can be devastating if clients are looking at moving or refinancing during the term of the Mortgage.  Unfortunately, Clients are not being educated upfront on how penalties can affect their future borrowing and limit their choice to shop around.    

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Bank boss holds rates at 1 per cent

 

OTTAWA — The Bank of Canada says the country's economic positives have largely offset the negatives, a balance that led governor Stephen Poloz to maintain the trend-setting interest rate Wednesday at one per cent.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canada budget deficit shrinks in first six months of 2014/15

 
01.12.14

OTTAWA (Reuters) - The Canadian government ran a budget deficit of C$744 million ($653 million) in the first six months of the 2014/15 fiscal year, down from C$10.35 billion in the April-September period of 2013, the finance department said on Friday.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canada’s economy grows at 2.8 per cent annual pace in third quarter

 

OTTAWA — The Canadian economy grew at a faster than expected pace in the third quarter, but economists cautioned Friday about the impact of lower oil prices on growth in the coming months.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

CAAMP Releases Consumer Survey Report

 
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

CAAMP STATS

 
11.11.2014

Welcome to the November issue of CAAMP Stats. For more information on CAAMP please visit www.caamp.org.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Best Advice Ever: Top 100

 
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Get inspired with the very best small business advice.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365
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