Tag Archives: Alberta

Fiscal Update – Sept 2013 – Population Milestone

Canada’s population is growing. We now have over 35 million people for the first time ever 🙂  But the growth isn’t even all around. Maritime provinces like Nova Scotia and New Brunswick have actually seen a drop in population since last year, meanwhile Alberta and Saskatchewan benefited from growth rates double that of the national average. I have suggested… Read More »

Mortgage Lending Rules

There are certain lending rules that banks are expected to follow when they approve someone for a mortgage. In Canada, the lending rules are… 1) No more than 32% of our gross income can go towards housing related expenses like mortgage, heating, property tax, etc.. 2) No more than 40% of our gross income can to towards making… Read More »