Canadians Have Debt and We're Doing Something About It
Filed under: Economizer, House & Home, Mortgages
We all have debt. Whether it's for the long term, such as mortgage, student loans or car loans, or short term, we're a country of people who owe money.But is debt really that bad? Isn't it part of the natural cycle of economics to owe money and pay it off? Unlike our friends in Greece or Spain, Canadians have been listening to the economic reports and are taking measures.
Canadians aren't putting their heads in the sand when it comes to what is owed, in fact ..."Canadians are focused on reducing their debts amid warnings about rising household debt." In fact, 49 per cent of Canucks have put down a lump payment in 2012 to help reduce their debt says CIBC.
So what else can we do to cut the debt?
As Canadians we're known for our polite disposition and passion for hockey, but now we have more bragging rights: our banks are the world's safest.
With the deadline of RRSPs just passed and worries about the stock market thanks to economic problems in Europe, a staid investor wants to find a safe home for some extra dollars.
Toronto may be the economic engine of Canada and Vancouver showered with accolades about its lifestyle offerings, but 
When you think of luxury real estate does Canada come to mind? For most of us, international capitals such as London, New York, or Los Angeles come to mind, but apparently Toronto has hit the radar and is on the A-list.
Canadian investors are in luck: our home stock market is predicted to chalk up some of the best returns in the world this year amid continued economic struggles in Europe and the United States and political turmoil in the Middle East.
After a shocking start to the year, Canadian pension plans recovered most of their losses toward the end of 2010, helped by stock market gains and a slight rebound in long-term government bond yields.
The Canadian dollar has kicked off 2011 in a position of strength. It is above parity with the U.S. dollar and trending at historically high levels against other major currencies such as the euro and the British pound.
The development of offshore wind farms in Ontario would earn billions of dollars for the provincial economy and create thousands of jobs, investment opportunities and a significant amount of clean energy, a report has found.
Buying a home is a daunting task, let alone buying one in another country. Yet a good number of Canadians relish the chance to own their little plot of somewhere else, particularly if that plot lies baking beneath the nice warm sun.
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