How to go about securing the best return for your investment in Canada.
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Home sales across Canada register biggest monthly decline in nearly 5 years + MORE Jun 15th
Home sales across the country dropped sharply last month, driven by a plunge in the Greater Toronto Area (GTA) after the Ontario government imposed a tax on foreign buyers aimed at cooling the red-hot market.
The number of residential properties sold nationwide fell by 6.2 per cent in May compared t.... More »
Making sense of the markets this week: March 10, 2024 Mar 8th
Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, shares financial headlines and offers context for Canadian investors.
Earnings beat expectations—as expected
As we close out the first quarter’s earnings season, the biggest takeaway is that t.... More »
The only money book you need to be a great investor + MORE Jan 21st
SPEED READER
Book: The Little Book of Common Sense Investing: The Only Way to Guarantee your Fair Share of Stock Market Returns (10th-anniversary edition, updated and revised)
Author: John C. Bogle
Publisher: John Wiley & Sons, Inc. Hoboken, NJ
Price: $14.01 (Hardcover) $9.65 (Kindle)
Link: ht.... More »
Who inherits a selfie? States seek to fill privacy law gaps + MORE Oct 2nd
SPRINGFIELD, Ill. – States are passing laws dealing with how to release information from online accounts to relatives when people die.
Google, Facebook and other companies have said a federal privacy law approved decades before digital storage became common prevents them from releasing electro.... More »
‘Borderlands 3’ Has Been Forced To Remove Crossplay Support For PlayStation - Forbes + MORE May 27th
‘Borderlands 3’ Has Been Forced To Remove Crossplay Support For PlayStation ForbesUncharted 4 coming to PC alongside other PlayStation exclusives MobileSyrupSony wants to grow from '160 million to 1 billion' users - and plans PlayStation Now investment to get there &nb.... More »
How big a problem are foreign house flippers in Canada? Maybe not as big as you think, CIBC says
– cbc.ca
Canada may consider a tax on foreign investors flipping Canadian homes for a quick profit, Benjamin Tal says, but overall the economist at CIBC says such speculative activity is not a big part of the real estate market.
Why Urbancorp collapsed in Toronto’s red-hot housing market
– theglobeandmail.com
The developer muscled its way into the big leagues of Toronto real estate with rapid-fire deals and large financings. How did it all go so wrong?
Home sales break records in British Columbia
– moneysense.ca
VANCOUVER – More property sales records tumbled in April according to the British Columbia Real Estate Association.
A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same period last year.
Sales also eclipsed the record of 12,560 units set in March.
8 solutions for Vancouver real estate madness »
The release says $9.64 billion changed hands in April, a leap of almost 53 per cent compared to April 2015.
Year-over-year sales dollar volume rocketed to $31.2 billion, up 64 per cent.
The real estate association reports the average price of a home in B.C. nudged $744,000 last month, a 17 per cent hike in one year.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA chief economist.
Saving 20% to buy a house? It’ll take you 12 years »
The Vancouver Island, Fraser Valley and Thompson/Okanagan regions are particularly active, he said.
Modest movement away from Vancouver came as sky-high prices and a lack of properties were blamed by the Canadian Real Estate Association for a minor sales dip in the city in March, but experts see no end to healthy sales in B…
A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same period last year.
Sales also eclipsed the record of 12,560 units set in March.
8 solutions for Vancouver real estate madness »
The release says $9.64 billion changed hands in April, a leap of almost 53 per cent compared to April 2015.
Year-over-year sales dollar volume rocketed to $31.2 billion, up 64 per cent.
The real estate association reports the average price of a home in B.C. nudged $744,000 last month, a 17 per cent hike in one year.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA chief economist.
Saving 20% to buy a house? It’ll take you 12 years »
The Vancouver Island, Fraser Valley and Thompson/Okanagan regions are particularly active, he said.
Modest movement away from Vancouver came as sky-high prices and a lack of properties were blamed by the Canadian Real Estate Association for a minor sales dip in the city in March, but experts see no end to healthy sales in B…
A line of credit is derailing my mortgage application
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in tip top shape. She’s already been challenged to cut her fitness expenses as well as to determine if she should prioritize debt-repayment over saving. Lindsay’s third challenge was all about condo-buying and the various aspects associated with that process.Challenge No. 3 — An update
Over the last couple of weeks, Lindsay has done some legwork and gone to a competitor bank to find out how large of a mortgage she’d need to purchase a two-bedroom condo in Kamloops, B.C. She’s also learned about the costs of CMHC mortgage insurance as well as large a mortgage she’d be eligible for.
Lindsay talked about her experience in the video below and then we had experts give her some clarification and advice…
Fort McMurray disaster won’t hit Canada’s big banks: DBRS
– theglobeandmail.com
Banks with insurance operations will be exposed to higher claims, but DBRS expects liabilities can be easily absorbed by bank earnings
