National rent prices fall year-on-year for first time since pandemic: report Debt Guru

National rent prices fall year-on-year for first time since pandemic: report

 Debt Guru

By Sammy Hudes The report from Rentals.ca and Urbanation reveals that average asking rents across Canada stood at $2,152 in October, down 1.2% from the same month in 2023 – the first national decline since July 2021 . The decline is primarily concentrated in Canada’s large urban centers, with cities like Toronto, Vancouver, Calgary and … Read more

Canada Passes National Medicare Legislation: What This Means for You – Debt Guru

Canada Passes National Medicare Legislation: What This Means for You

 – Debt Guru

On October 10, 2024, Canada reached a historic milestone by passing the National Medicare Legislation, a major step towards ensuring equitable access to essential medicines across the country. This landmark decision addresses long-standing gaps in prescription drug coverage and moves Canada closer to a universal, single-payer drug care system. Here’s what this means for Canadians, … Read more

First National says recent mortgage rule changes could benefit its margins Debt Guru

First National says recent mortgage rule changes could benefit its margins

 Debt Guru

First National Financial says recent government mortgage policy changes, including extending amortizations to 30 years and a higher cap on insured mortgages, could provide a slight boost to its margins. During the company’s third-quarter earnings conference call, President and CEO Jason Ellis explained how the changes could expand First National’s pool of eligible borrowers and … Read more