Canadian Eh?
On average, this is $23,643 according to Equifax Canada.
What is canadian consumer debt (excluding mortgages) in 2018.
The highest of credit card interest rates, major retailers offer this annual rate with their cards.
ie. Home Depot, The Bay, Bed, Bath & Beyond!
What is 29.99 %
This is the term used to describe the interest rate preferred borrowers can get from their banks?
What is "prime" or for some institutions this is limited to "prime plus 1".
For most teachers, this is your largest asset.
What is my Ontario Teachers' pension?
While there is no cap to your teaching career, when must you start your OTP ?
What is age 71?
The wealthiest province, in terms of consumer real estate.
What is British Columbia?
The number of Visa & Mastercards issued to Canadians, according to the Canadian Bankers Association.
What is 74 million?
This institution sets the prime mortgage rates.
What is the Bank of Canada?
The average net worth of a Canadian (in 2017) if they were to sell all their assets and pay all their debts.
What is $295,000?
The total number of teachers on pension or contributing to the pension plan.
What is 325,000?
For every $1 earned, this is calculated to be owed by Canadians. (consumer debt ratio)
What is $1.67?
Industry studies suggest that regardless of interest rates, this offer will encourage consumers to try different debit/credit cards.
What are Reward points, flights and merchandise.
These two types of mortgages allow consumers to choose the level of flexibility they want in monthly mortgage payments.
What are fixed and variable rates?
In 2016, the average amount of debt for this category, from both government loans and personal loans, was $26,300.
What is (university) student debt?
On October 2, 2018, the OTPP announced it would divest from holding any assets associated with this consumer product.
What is tobacco?
The average cost of an undergraduate year at university in Ontario.
What is $14,768?
On a $1000 item, purchased 45 days ago, what payment is owed to Mastercard, who posts a 19.99% annual rate?.
What is $1024.64 (or something close to that)
Over the course of a 10 year term mortgage, at 6%, how much interest (not principal) is paid on a $100,000 loan?
What is (approximately) $53,000. Leaving a balance of $ 76,000 still on the loan.
Financial planners will encourage you to name this person, for all insurance policies and pensions, to avoid a payment designated only to your "estate".
What is a beneficiary?
This real estate group is a wholly owned subsidiary of Ontario Teachers' and manages the Toronto Eaton Centre, Toronto Dominion Centre and Chinook Centre in Calgary.
What is Cadillac Fairview Corportation?
The average cost of Canadian wedding, in 2017.
What is $24,667. ($25,000)
On average, the balance carried month to month, by Canadians on interest bearing credit cards.
What is $2300.
The length of time over which a loan's interest is calculated.
What is amortization.
The portion of your current earnings that most financial planners will recommend you have available in pension or income, once you retire.
What is 70% of pre-retirement earnings.
In 2018, assets of the plan were estimated (in current markets) to be worth $?
What is $193 billion dollars.