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Dozens more alleged victims come forward as Brampton man accused in real estate fraud faces new charges - CBC Jul 14th
Dozens more alleged victims come forward as Brampton man accused in real estate fraud faces new charges CBC.... More »
Three things retirees can do now to protect your cash flow and portfolio Mar 21st
Withdraw funds insulated from stock meltdown, review long-term asset allocation and gradually rebalance to support cash flow needs..... More »
How to Implement an Internal Coaching Program Jul 26th
In the spring of 2019, Kim Forseille, assistant vice-president of learning and development at Edmonton-based bank CWB Financial Group, learned from internal surveys and exit interviews that many workers were feeling stuck in their jobs. “People came to CWB because they wanted to progress in their .... More »
What history tells us about scary stock market selloffs: Morning Brief - Yahoo Canada Finance + MORE Oct 3rd
What history tells us about scary stock market selloffs: Morning Brief Yahoo Canada Finance.... More »
Corporate investments for retirees Feb 15th
I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP and OAS. I have $210K in my company that I need to take out. What is the best way to do this with minimal tax?
My accountant is working with me but really doesn’t think it’s the best strategy. He has a three-y.... More »
Putting a number on the value of financial advice
– theglobeandmail.com
If the industry says it can generate 3 per cent in excess returns, why not compare the adviser’s results with the client’s best guess?
Protection for bidding war home buyers is coming…very, very soon
– moneysense.ca
Home buyers caught in a bidding war will soon get a lot more protection against the use of phantom bids—fake or false offers used to initiate a bidding war or to drive up the sale price of a home.
Starting July 1, real estate agents can no longer indicate if there is an offer on a property unless a signed, written offer has been formally submitted to the listing brokerage office. Prior to these legislative changes, some realtors would notify home buyers of potential bids—bids that weren’t always forthcoming. (For more on tricks realtors use to sell homes go here.)
“The changes are intended to ensure the offer process is transparent,” states a March 2015 Real Estate Council of Ontario (RECO) bulletin.
Key to these changes is the ability to now request how many bids were actually registered against a property for sale. According to the RECO bulletin the regulatory council “will aim to determine the number of written offers as quickly as possible.” This could take up to two weeks but really depends on how quickly brokerages fall in line with this new process and how many requests are received for this type of information…
