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Will you be able to afford long-term care? Aug 31st
What worries aging Canadians as they prepare for long-term care?
A BMO Wealth Institute study finds that the greatest health-care-related aging concerns include:
losing the ability to live independently (40%);
not having enough money to pay for adequate health care (17%); and
not being able to affo.... More »
Mortgage premium hikes reduce case for borrowing to boost down payment + MORE Mar 19th
With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid the higher costs.
But mortgage brokers say recent government rule changes lessen the case for doing so because people may en.... More »
Trip Planning and Travel Insurance Dec 11th
Planning a trip can be a very exciting time. You have a destination picked out and you are looking forward to activities that you love to do. Hotel rooms are booked, and you cannot wait to get going.
But have you taken steps to protect yourself from medical emergencies? What about protecting yourse.... More »
How to buy a car in Canada and get the best loan rate Sep 25th
You’ve read the car reviews, done the research and scoured for hours through literature on that car or truck, all while lining up pros, cons, rankings and specs against your budget and wants. You’ve shortlisted the contenders that you most want to press the gas on. That’s it: you’re buying a.... More »
Do you need long-term care insurance? Aug 12th
No offence to any of us but, as a country, we’re getting old. The average age of a Canadian in 2024 was 41.6 years, according to Statistics Canada, and by 2030, one in four Canadians will be 65 or older.
That means there’s a growing demand for health services and long-term car.... More »
CMHC Q2 2014 Housing Market Outlook Highlights
– ratesupermarket.ca
Most homeowners know the Canada Mortgage and Housing Corporation (CMHC) as the government entity that they purchased their Mortgage Loan Insurance from. (Lenders require buyers to buy this insurance if their down payment is less than 20 per cent of the purchase price.) But one of the Crown corporation’s other roles is to conduct research and market analysis on the Canadian housing market.
In late May, the CMHC released its Housing Market Outlook for the second quarter of 2014. Here are some of the key highlights.
Starts to Stop?
This year, the total number of housing starts (i.e. the number of new detached, semi-detached, row house, and apartment/condo units under construction) is projected to decline in eight of the 10 provinces. The only two provinces expected to see growth in housing stock are, not surprisingly, Alberta and British Columbia where robust economic conditions continue to fuel demand and a supply of money to both build and buy new developments.
Nationally, the final tally of starts for 2014 is projected to be 181,100…
Federal regulators take over small bank in Maryland; makes 9th US bank failure this year
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Maryland, marking the ninth U.S. bank failure of 2014 after 24 closures last year.
The Federal Deposit Insurance Corp. said Friday that it has taken over Slavie Federal Savings Bank, in Bel Air, Maryland.
The lender, which operated two branches, had roughly $140.1 million in assets and $111.1 million in deposits as of March 31.
Bay Bank FSB, based in Lutherville, Maryland, has agreed to pay the FDIC a premium of 0.20 per cent to assume Slavie Federal’s deposits. It also agreed to buy about $129.9 million of the failed bank’s assets.
Slavie Federal’s failure is expected to cost the deposit insurance fund $6.6 million.
The post Federal regulators take over small bank in Maryland; makes 9th US bank failure this year appeared first on Canadian Business.
The Federal Deposit Insurance Corp. said Friday that it has taken over Slavie Federal Savings Bank, in Bel Air, Maryland.
The lender, which operated two branches, had roughly $140.1 million in assets and $111.1 million in deposits as of March 31.
Bay Bank FSB, based in Lutherville, Maryland, has agreed to pay the FDIC a premium of 0.20 per cent to assume Slavie Federal’s deposits. It also agreed to buy about $129.9 million of the failed bank’s assets.
Slavie Federal’s failure is expected to cost the deposit insurance fund $6.6 million.
The post Federal regulators take over small bank in Maryland; makes 9th US bank failure this year appeared first on Canadian Business.
