Tag Archives: income

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 »

Wealthy is Healthy

A new study by experts reveals that only 1/3rd of Canadians will admit to being overweight, despite national statistics suggesting the real proportion of people overweight is approaching 2/3rds.  Speaking in general terms, maybe we’re just too afraid or embarrassed to admit how we really feel about ourselves. A professor at the University of Calgary said that “we collectively as… Read More »

Same Work, More Pay

How would you like to perform simple clerical tasks for $32/hour? Well there are lots of openings for these kinds of jobs. But the problem is not everyone knows they exist, or where to find them. The government recently released the 2010 household income data.  The median income for single people like myself is about $25K.  This puts me… Read More »