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National Bank of Canada World Elite Mastercard review Oct 31st
National Bank’s World Elite Mastercard has long earned accolades for its included insurance, robust points program and unique and valuable perks, making it a solid choice as a travel card. With the fall 2022 restructuring of its rewards program and other adjustments affecting insurance and the rei.... More »
Pay for insurance annually Jan 6th
Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative .... More »
When two people are on a condo title, who pays capital gains? Aug 27th
Q. I purchased a condo in Saskatchewan in 2001. I was young, and because I had a lower income than usual that year, my father co-signed for the mortgage. If I sell the condo with my dad on the title, will he be subject to the capital gains tax? And if so, can I get him off the title prior to a pote.... More »
As a Young Adult, These Are The Top 3 Financial Lessons I Learned in 2018 Jan 3rd
Growing up, I thought I always had a knack for being financially responsible. My parents constantly lectured me about the importance of spending within my means and saving from a young age, so I would be careful not to spend too much while out with friends, and would throw a few dollars in my savin.... More »
Before you buy, here’s how to compare home insurance + MORE May 16th
Home insurance is important, but no one loves paying for it—especially when household budgets are tight. That’s why Canadians open their browsers and search for things like “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you there’s.... More »
Toronto home sales in July plunge compared to year ago
– moneysense.ca
TORONTO — The Toronto Real Estate Board says property sales tanked 40.4 per cent last month compared with July 2016.
The drop was led by the detached home market both in City of Toronto and the surrounding areas.
The board says the Multiple Listing Service composite benchmark price was up 18 per cent on a year-over-year basis. However, the benchmark was down 4.6 per cent compared with June.
The latest data follows moves by the Ontario government earlier this year to rein in the real estate market.
Home prices have been on a decline since April, when the province introduced more than a dozen changes —including a 15 per cent tax on foreigners purchasing property — aimed at cooling the Greater Toronto Area’s real estate market.
The board says foreign buyers represent a small part of the real estate market and the decline has more to do with potential homebuyers waiting to see how market conditions evolve.
READ MORE:
The drop was led by the detached home market both in City of Toronto and the surrounding areas.
The board says the Multiple Listing Service composite benchmark price was up 18 per cent on a year-over-year basis. However, the benchmark was down 4.6 per cent compared with June.
The latest data follows moves by the Ontario government earlier this year to rein in the real estate market.
Home prices have been on a decline since April, when the province introduced more than a dozen changes —including a 15 per cent tax on foreigners purchasing property — aimed at cooling the Greater Toronto Area’s real estate market.
The board says foreign buyers represent a small part of the real estate market and the decline has more to do with potential homebuyers waiting to see how market conditions evolve.
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The post Toronto home sales in July plunge compared to year ago appeared first on MoneySense.
Europe's Taxes Aren't as Progressive as Its Leaders Like to Think
– online.wsj.com
Thanks to the VAT and ‘insurance contributions,’ the lower and middle classes pay and pay.
