How to go about securing the best return for your investment in Canada.
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Buying pre-construction: What if your home is worth less than you paid? + MORE Jan 26th
Many Canadians bought pre-construction homes and condos at the height of the real estate market, as ultra-low interest rates fuelled a steady climb in Canadian real estate prices. Now some of those buyers are walking away from their purchases, unable to close on properties worth less than they paid .... More »
3 Platforms Where SMEs Can Invest in Private Equity and Real Estate in Europe Nov 10th
Online marketplaces are all around us: some are B2C marketplaces, such as Amazon and Aliexpress, others are B2B marketplaces, like Global Sources and DHgate.
Yet have you ever seen a platform where small businesses can buy other companies, or parts of them, and even purchase commercial property?
A N.... More »
RRIF and LIF withdrawal rates: Everything you need to know Mar 6th
At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your account is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either withdraw t.... More »
Gardiner Expressway repairs 'months ahead of schedule' as crews begin next stage of project Apr 26th
The province says its $73 million investment last July has helped speed up repairs on the roadway..... More »
IIROC - Shafting Self-Directed Investors by Fixing What Ain't Broke at Discount Brokers + MORE Apr 13th
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don't need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn't happen often!) against measures that will make the discount broker .... More »
47% decrease in mortgage loan insurance business ‘new normal’: CMHC
– canadianbusiness.com
TORONTO _ Canada’s national housing agency says the 47 per cent decline in the country’s insured mortgage market year-over-year in the third quarter is the “new normal level.”
The Canada Mortgage and Housing Corp. says in its latest financial report that it provided mortgage loan insurance to 67,915 units for the three-month period ended Sept. 30 compared to 127,991 units during the same period a year ago.
Steve Mennill, CMHC’s senior vice-president of insurance, says decreased volumes have been steady throughout the year as a result of the new regulations announced by the federal government in the fourth quarter of 2016.
The mortgage rules require all home buyers with less than a 20 per cent down payment to undergo a stress test to ensure the borrower can still service their loan should interest rates rise, or their personal finances fall. This cut into the purchasing power of some first-time homebuyers.
Mennill says CMHC is confident that the volume of insured mortgages the country is seeing now is the new normal level…
The Canada Mortgage and Housing Corp. says in its latest financial report that it provided mortgage loan insurance to 67,915 units for the three-month period ended Sept. 30 compared to 127,991 units during the same period a year ago.
Steve Mennill, CMHC’s senior vice-president of insurance, says decreased volumes have been steady throughout the year as a result of the new regulations announced by the federal government in the fourth quarter of 2016.
The mortgage rules require all home buyers with less than a 20 per cent down payment to undergo a stress test to ensure the borrower can still service their loan should interest rates rise, or their personal finances fall. This cut into the purchasing power of some first-time homebuyers.
Mennill says CMHC is confident that the volume of insured mortgages the country is seeing now is the new normal level…
The close: TSX ends lower with mining, technology stock falls
– theglobeandmail.com
Nasdaq falls with tech stocks; S&P ends flat
Conservatives call for embattled Finance Minister Bill Morneau to resign
– canadianbusiness.com
OTTAWA _ Conservative Leader Andrew Scheer called for Bill Morneau’s resignation Wednesday as political rivals stepped up their attacks on a finance minister mired in controversy for weeks.
Scheer demanded that Morneau step aside, and if he won’t, then Prime Minister Justin Trudeau should just fire him.
“After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer told reporters before question period, where the issue dominated debate and saw Trudeau come to Morneau’s defence.
Scheer’s call for Morneau’s departure is the latest fuel thrown on the political fire that’s swirled around the finance minister since the summer, when he proposed tax-system changes that enraged small business owners.
Since then, Morneau has faced intense political pressure for not fully disclosing his personal financial arrangements.
Then came conflict-of-interest allegations over proposed pension reform, spearheaded by Morneau, that opponents have alleged would bring him personal financial benefit…
Scheer demanded that Morneau step aside, and if he won’t, then Prime Minister Justin Trudeau should just fire him.
“After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer told reporters before question period, where the issue dominated debate and saw Trudeau come to Morneau’s defence.
Scheer’s call for Morneau’s departure is the latest fuel thrown on the political fire that’s swirled around the finance minister since the summer, when he proposed tax-system changes that enraged small business owners.
Since then, Morneau has faced intense political pressure for not fully disclosing his personal financial arrangements.
Then came conflict-of-interest allegations over proposed pension reform, spearheaded by Morneau, that opponents have alleged would bring him personal financial benefit…
Canadian waste management firm GFL plans $1-billion IPO: sources
– theglobeandmail.com
$1-billion IPO would be the biggest Canadian listing since Kinder Morgan Canada raised $1.7-billion early this year
FANG’s $60-billion wipeout is most in one day since Facebook IPO
– theglobeandmail.com
Fears of missing out on U.S. tax bounty spark tech rout
