Recent study shows that rate hike would hurt Canadian home-ownersPosted: May 29, 2017
Posted in: Breaking News, Current Issue
The Canadian Press recently reported about a survey by Manulife in which they found that “nearly three quarters of Canadian homeowners…would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent.”
This revelation speaks directly to the fact that Canadians are either too cash-strapped due to their growing household debt loads or due to a lack of emergency fund savings. It also indicates an opportunity to provide your clients with the support they need now to improve their cash-flow and debt management abilities.
Knowledge Bureau has just released a new course on this subject. The Debt and Cash Flow Management Certification Course addresses the fact that debt is the number one financial issue in Canada today. It will help you advise your clients on:
- What debt is and how to use it properly
- How to enhance their ability to manage debt and cash flow to accumulate wealth for the future
This course is especially timely because understanding terminal debt and how to reduce it over a lifetime is invaluable information to ensure your clients’ prosperity. Keep in mind also that the debt-to-disposable-income ratio in Canada was 167.5% at the end of the second quarter of 2016, the highest of the G7 countries.
To learn more about this certificate course and to register before the June 15 deadline, visit the Debt and Cash Flow Management Certification Course page on our website.
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