Are we living beyond our means?

Are we living beyond our means? How long before it catches up with us? $1.63 owed for every $1.00 earned! 'The low rate environment has encouraged many Canadians to pack on debt while borrowing continues to be cheap. The country’s average debt-to-income ratio now hovers around 163 per cent, meaning Canadians owe an average of $1.63 for every dollar they earn.' Time to look at some budgets. If you do need help on re-financing your #mortgage and want some sound advise please call us 1.877.638.3688 We will run the numbers for you.

www.huffingtonpost.ca/2014/07/17/stephen-poloz-neutral-interest-rate-policy_n_5596788.html

article from huffington post