The Toronto Star has posted an interesting article about defaulting on mortgages across Canada. The research indicates that seniors, who could more prone to be in over their heads on a mortgage, are most likely to carry debt later on in life. As a result, they are the most prone to mortgage default. To read the article, click here.
Landlords in the Metro Vancouver area are taking it to an extreme when looking for new, qualified tenants. Landlords have begun to offer one free month's worth of rent to anyone that is eligible. Historically there have been increasing rental prices mixed with low vacancy rates. That seems to be changing up, the Landlords are getting desperate for good tenants. To read the CBC article, click here.