Federal court gives Toronto real estate agents data-publishing rights + MORE Dec 1st

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Hollywood actor arrested in $227m ponzi scheme - Boing Boing Apr 7th

Hollywood actor arrested in $227m ponzi scheme  Boing BoingHollywood actor accused of running $227M Ponzi scheme  Toronto SunSEC accuses actor of US$690 million fraud based on fake Netflix deal  BNNActor Arrested in Alleged $690 Million Investment Scheme  Holl.... More »

Why the $35,000 RRSP Home Buyers’ Plan won’t be much help + MORE Mar 25th

It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the.... More »
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Your home sold—now what? + MORE Apr 1st

If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns. S.... More »
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John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th

The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
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Don’t be afraid to ask for an advance: Suzanne Bowness on budgeting for freelancers + MORE Oct 1st

Trying to make a living as a writer, editor, and content strategist, Suzanne (Sue) Bowness discovered that good money habits are as important to success as good grammar and an expansive vocabulary. This year she summed up all that hard-earned wisdom in The Feisty Freelancer: A Friendly Guide to Vis.... More »
Realtors want you to be able to raid your RRSP to buy your kid a houseThe real estate industry knows buying a home in major cities is becoming prohibitively expensive for many Canadians. So it’s proposing to help. The Canadian Real Estate Association is lobbying the federal government to allow parents to dip into their registered retirement savings accounts to fund their children’s home-ownership dreams.
CREA, which represents more than 100,000 agents, brokers and salespeople, has made a 2018 pre-budget submission proposing changes to the Home Buyers’ Plan (HBP). That program allows a first-time buyer to withdraw up to $25,000 from an RRSP account to purchase or build a home. The realtors’ association suggests expanding the program so that parents can withdraw from their own RRSPs for their children to purchase of a home. Both parents would be eligible to take funds from their accounts, subject to a maximum amount. “Extending the HBP is a compassionate and fiscally responsible way to help modern Canadian families finance the purchase of a home, and also help close the gap for young Canadians,” according to CREA’s submission…

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TORONTO _ The Canadian dollar surged following better-than-expected big job gains data today as stock markets on both sides of the border stumbled amid the latest news on Russian meddling in the U.S. presidential election.
The loonie was trading at an average price of 78.56 cents US, up 0.97 of a U.S. cent, after Statistics Canada said the economy added 79,500 jobs in November, blowing past the 10,000 that economists had expected.
U.S. stock indexes recovered somewhat from a steep morning slide after Senate Republicans signalled they have enough votes to push forward on a tax overhaul bill. The stock market fell sharply after former U.S. national security adviser Michael Flynn pleaded guilty to lying to the FBI about his contacts with the Russian ambassador.
The Dow Jones industrial average fell 40.76 points to 24,231.59. The S&P 500 index inched back 5.36 points to 2,642.22 and the Nasdaq composite index was down 26.38 points to 6,847.59.
North of the border, the Toronto Stock Exchange’s S&P/TSX composite index gave back 28…

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Toronto Real Estate Board says it is disappointed by the decision and will seek leave to appeal to the Supreme Court of Canada

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CBC.caAppeal court upholds ruling ordering real estate agents to make home sale data publicCBC.caThe Federal Court of Appeal has upheld a lower court decision ordering the largest real estate group in the country to make detailed financial information about home sales more open to the public. In a ruling announced Friday, the court upheld a …Toronto Real Estate Board vows to take open data case to Supreme CourtNational Postall 6 news articles »

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The Federal Court of Appeal has upheld a lower court decision ordering the largest real estate group in the country to make detailed financial information about home sales more open to the public.

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