How to go about securing the best return for your investment in Canada.
Latest News
Thai economy feels sting from political uncertainty Aug 6th
BANGKOK – Thailand’s stagnating economy is unlikely to get much of a boost from a referendum Sunday on a new constitution proposed by the military government, which took power in a 2014 coup. A “yes” vote could, however, tamp down some of the uncertainty that has plagued the .... More »
RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st
Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators
.... More »
Managing debt to build wealth + MORE Aug 21st
It’s an eyebrow-raising trend: non-mortgage delinquencies have reached levels not seen since 2009, according to a report by Equifax, one of the three largest consumer credit reporting agencies. Specifically, 1.4 million people in Canada have recently missed a credit payment.
But it’s no.... More »
Why do rich people invest in real estate? + MORE Apr 8th
(mstay/Getty Images)
Q: Why do rich people invest in real estate? Housing prices are at an all-time high in Canada. It just seems so counter-intuitive!
— Confused about real estate investing, Toronto
Answer from Romana King, senior editor and real estate specialist at MoneySense: Over half a .... More »
Weekend Reading – New mortgage rules, Nortel saga, fat RRSPs, train your brain and #GoJays + MORE Oct 14th
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Earlier this week I interviewed the CEO of ModernAdvisor Navid Boostani, who provided some insight how Robo Advisors can help you train your investing brain.
I then went on to write about how you sho.... More »
Toronto, Regina, Winnipeg at risk of housing correction
– moneysense.ca
TORONTO – A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction due to a combination of factors including overvalued home prices.
The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.
Back in April, the national housing agency had pegged Toronto as having only a moderate risk of a correction.
CMHC also says Winnipeg faces a high level of risk due to overvalued home prices and overbuilding.
In Regina, rapid price growth, overvaluation and overbuilding, especially of condo units, are responsible for the high risk rating.
Should I buy a house now? »
The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.
Back in April, the national housing agency had pegged Toronto as having only a moderate risk of a correction.
CMHC also says Winnipeg faces a high level of risk due to overvalued home prices and overbuilding.
In Regina, rapid price growth, overvaluation and overbuilding, especially of condo units, are responsible for the high risk rating.
Should I buy a house now? »
CMHC says housing market risk in Vancouver, one of the country’s priciest real estate markets, is low, as none of the individual risk factors that the agency examines are present.
CMHC’s house price analysis and assessment aims to identify potential risks in Canadian real estate by evaluating economic, financial and demographic factors…
Harper pledges higher RRSP withdrawal limit for homebuyers
– moneysense.ca
The Conservatives would let first-time buyers take $35,000 from their RRSPs to pay for homes if they’re re-elected, said Stephen Harper during a campaign stop in Vancouver on Wednesday.
Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.
The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.
If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.
This article was originally published on Advisor.ca
Home Buyers’ Plan is tax-free money »
Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.
The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.
If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.
This article was originally published on Advisor.ca
Home Buyers’ Plan is tax-free money »
Using the Home Buyers’ Plan on a second home »
Paying back the RRSP Home Buyers’ Plan »
The post Harper pledges higher RRSP withdrawal limit for homebuyers appeared first on MoneySense.
Kohl’s, Coty, Flowers Foods, Cisco and Advance Auto are big market mover
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Kohl’s Corp., down $5.39 to $56.11
The department store operator said state sales-tax holidays hurt second-quarter sales and said back-to-school shopping got off to a slow start.
Advance Auto Parts Inc., up $15.79 to $187.79
Shares of the auto parts retailer jumped to an all-time high after it reported second-quarter earnings that beat expectations.
Shake Shack Inc., down $10.30 to $54.49
The burger chain said more of its shares will reach the market soon as the “lock-up” period following its initial public offering has expired.
Coty Inc., up $1.75 to $30.47
The company behind Sally Hensen nail polish moved to a profit in its fiscal fourth quarter, thanks in part to a large tax benefit.
Flowers Foods Inc., up $1.41 to $23.44
The Wonder bread maker posted better than expected second-quarter earnings and said it plans to buy organic bread maker Dave’s Killer Bread…
NYSE
Kohl’s Corp., down $5.39 to $56.11
The department store operator said state sales-tax holidays hurt second-quarter sales and said back-to-school shopping got off to a slow start.
Advance Auto Parts Inc., up $15.79 to $187.79
Shares of the auto parts retailer jumped to an all-time high after it reported second-quarter earnings that beat expectations.
Shake Shack Inc., down $10.30 to $54.49
The burger chain said more of its shares will reach the market soon as the “lock-up” period following its initial public offering has expired.
Coty Inc., up $1.75 to $30.47
The company behind Sally Hensen nail polish moved to a profit in its fiscal fourth quarter, thanks in part to a large tax benefit.
Flowers Foods Inc., up $1.41 to $23.44
The Wonder bread maker posted better than expected second-quarter earnings and said it plans to buy organic bread maker Dave’s Killer Bread…
Canadian bank earnings are at risk this year because of low oil prices, an economic slowdown in Canada and the impact of rate cuts, according to two recent reports by analysts.
Tesla Motors Inc. has filed notice that it will seek to raise $500 million with the offer of an additional 2.1 million shares.
