Friday, April 22, 2011

Younger families most snared by debt

Debt is the slavery of the free, the Syrian writer Publilius Syrus said all the way back in the 1st century B.C.
And here we are, a few millennia later, more ensnared than ever.

Canadian household debt loads hit record territory this year, surpassing even levels south of the border. A new Statistics Canada paper out Thursday sheds some light on just who’s most indebted and why.

Gaqry Dutton
604-622-6262 tel

Saturday, April 16, 2011

Most common money mistakes couples make

You may think you and your spouse have a good handle on your finances, but even smart couples make money mistakes. Get beyond “getting by” and learn how to manage your money! Stacy Morrison, editor-in-chief of Redbook magazine, has smart solutions to the top money mistakes that couples make.

CLICK HERE to view the video from TODAY

Gary Dutton
604-622-6262 tel

Middle Income Earners Determined to Stay Out of Debt

New research shows a generation termed the Coping Classes are committed to shopping around and reducing their borrowings, to help them survive the effects of the recession.

The study by Friends Life revealed this group of middle income earners (£25-50k) who have been impacted by the recession, feel disproportionally affected by the public sector spending cuts, and have, as a result, an altered attitude towards debt.

Eighty four percent said they are committed to avoiding taking on any more debt in the next six months, and nearly three quarters said they are putting plans in place to pay off the majority of their debt in the next 10 years.

CLICK HERE for the entire story

Gary Dutton

Saturday, April 9, 2011

To Refinance or Not

With interest rates down, should you remortgage?
People say that if you put 10 economists in a room and ask a simple question, you will end up with 10 different answers ...

About seven months ago most world economists were predicting that oil was going to be trading at $150 a barrel in early 2009; when I checked the price this morning it was $35. Inflation was a big concern and their collective mantra was that interest rates would go up in order to keep the economy in check.
CLICK HERE for the entire story from Canadian Immigrant

Saturday, April 2, 2011

Reverse mortgage market likely to grow

Demand for financing option getting stronger

By Paul Barker, Postmedia News April 1, 2011
HomEquity Bank, operator of the Canadian Home Income Plan reverse mortgage, better known as CHIP, has a mono poly today, but mortgage experts say it's only a matter of time before competitors move into this highly lucrative and growing market.

"I can't predict when it might happen, but I know there are people looking into this space," says Robert Mc-Lister, a mortgage specialist with brokerage firm Mortgage Architects in Vancouver and co-founder of

CLICK HERE for the entire story at

For more information contact:
Gary Dutton