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Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
The 11 best travel credit cards in Canada for July 2023 + MORE Jul 13th
Credit Cards
The 11 best travel credit cards in Canada for July 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card* .... More »
Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets Mar 8th
DORAL, Fla. (AP) — President Donald Trump said Saturday that it was inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East as the week-old war rages..... More »
How much income do you need to buy a home in Canada? A look at home affordability in April 2025 + MORE May 27th
April marked another chilly month for Canadian home sales, but there were perks in store for those actively on the house hunt. Home prices continue to soften in many of Canada’s largest urban centres, leading to an overall improvement in affordability in just over half of the cities.
This is ac.... More »
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. - The New York Times Apr 17th
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. The New York TimesCanada to host September summit in Toronto to help draw billions in foreign investment, Carney says The Globe and MailCarney's pitch to unlock trillions in global investment CB.... More »
What happens when a buyer backs out of a real estate deal?
– moneysense.ca
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever you need to do—but close, because the case law overwhelmingly favours the seller,” he says, adding that the courts aren’t usually sympathetic towards the dealbreaker, no matter their reasons or motivations.
Julia Sebastian discovered this the hard way. She entered an agreement of purchase and sale for a $995,000 home on Glasshill Grove in the Erin Mills neighbourhood of Mississauga, Ont in May 2017. She seemed particularly eager. Not only did she offer $45,100 above asking, but she also waived the two conditions of adequate financing and a home inspection—a move intended to make her offer as attractive as possible.
Before the deal could close, the property was appraised for only $920,000, and as a result, Sebastian’s financing was denied…
