How to go about securing the best policy for your insurance in Canada.
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House hunting regrets + MORE Oct 26th
Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mor.... More »
Canadians are quietly overspending on convenience May 24th
There is no doubt that life has become expensive. Everywhere you look, prices are rising: gas, groceries, restaurants, insurance. Everyday essentials that once felt manageable now seem to demand a small emotional recovery period every time you tap your debit or credit card.
If it’s not rising p.... More »
What type of insurance does a home-based business need? May 27th
Q. I am starting up a small business where I will manufacture, market and sell my own products online. I will use a room in my home as an office. What type of insurance do I need?
–Paul
A. Hi Paul. An insurance policy protects you against defined risks. Although I haven’t seen your home insuranc.... More »
What is CDIC insurance, how it works and what’s covered Oct 30th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
How to win using annuities in retirement + MORE Nov 11th
The good news is most of us can expect to live longer. The bad news is that the decline of defined-benefit pensions, along with chronically low interest rates, makes it harder for us to avoid outliving our money.
For those without workplace defined-benefit pensions, annuities can offset that risk b.... 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.
