Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

Financial Health News and Articles | My Blog

contract-real-estate-mortgage-102.jpg - Real Estate News

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 Michael Antczak

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


debt-stress-frustration-98.jpg - Real Estate News

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

5/25/2017 | Posted in Financial Health by Michael Antczak

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 ... More


debt-stress-frustration-98.jpg - Real Estate News

Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Michael Antczak

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

... More


marketing-analysys-104.jpg - Real Estate News

High house prices prompt Moody's downgrade for Canadian banks

5/11/2017 | Posted in Financial Health by Michael Antczak

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

... More


household-debt-canada-89.jpg - Real Estate News

Canadian household debt hits another record in fourth quarter

3/15/2017 | Posted in Financial Health by Michael Antczak

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


couple-laptop-106.jpg - Real Estate News

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

1/27/2017 | Posted in Financial Health by Michael Antczak

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

... More


cheque-debt-bills-signature-96.jpg - Real Estate News

Paying off mortgage sooner among top financial goals

1/25/2017 | Posted in Financial Health by Michael Antczak

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

... More


household-debt-canada-89.jpg - Real Estate News

Canadians keep digging themselves deeper into debt

12/14/2016 | Posted in Financial Health by Michael Antczak

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.

... More


debt-stress-frustration-98.jpg - Real Estate News

38 per cent of Canadians with a mortgage have financial difficulty

11/25/2016 | Posted in Financial Health by Michael Antczak

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

... More


cheque-debt-bills-signature-96.jpg - Real Estate News

Canadians continue to pile up non-mortgage debt: report

11/16/2016 | Posted in Financial Health by Michael Antczak

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

... More


household-debt-canada-89.jpg - Real Estate News

Canada's record household debt is threatening its financial stability

10/26/2016 | Posted in Financial Health by Michael Antczak

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 ... More


market-growth-3.jpg - Real Estate News

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

12/14/2015 | Posted in Financial Health by Michael Antczak

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


legal-real-estate-11.jpg - Real Estate News

CIBC report warns of increasing insolvencies

6/12/2015 | Posted in Financial Health by Michael Antczak

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 ... More


FOR SELLERS
Are you thinking of selling your property
and would like to know how much it can sell for?
Click here to get your property appraised for FREE!
FOR BUYERS
Thinking of buying a home or investment property?
Sign-up for FREE to get immediate access to listings
in your desired area as soon as they hit the market!
PROPERTY SEARCH IN GTA
Are you thinking of buying your first property,
downsizing, or looking to upgrade to bigger and better?
Click here to search through thousands of listings!