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The State of Commercial Real Estate in Canada Jan 22nd
From a transactional standpoint, particularly for investments, it was one of the slowest years we’ve had in a long time. Inflation and subsequent interest rate increases prompted a sense of uncertainty across global real estate markets. Canadians spent most of the year asking whether interest .... More »
Tensions Between Turkey and US Soar as Trump Orders New Sanctions - New York Times + MORE Aug 11th
New York TimesTensions Between Turkey and US Soar as Trump Orders New SanctionsNew York TimesThe deepening standoff raised questions of whether the two strong-willed leaders were risking even broader chaos as they vied for the upper hand in a widening diplomatic dispute largely focused on individual.... More »
Why healthy money conversations are key to building wealth together Jul 8th
When it comes to building wealth, most people focus on investments, debt levels, or market performance. But what if the real threat to your financial future isn’t any of those? According to Co-authors of Money Together, Heather and Douglas Boneparth, the biggest risk is hiding in plain sight: the .... More »
Making sense of the markets this week: October 4, 2021 Oct 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Will the energy crunch turn into an energy crisis?
The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »
Capital gains on subdivided land Jan 19th
Q. Our primary residence of three years is built on a double lot. We received a partial discharge of our double lot and built our house on it for cash. Do we have to pay any capital gains? We did not plan on doing this when we first purchased.
–Devon
A. In order for a property to qualify for the p.... More »
Laneway homes raise insurance concerns
– moneysense.ca
(Joe Wolf/Creative Commons)TORONTO – Soaring real estate costs are pushing some Canadian cities to embrace laneway housing, touted as the future of affordable living in urban centres.
But as the properties become more popular and balloon in value, questions are beginning to arise about whether current insurance practices are sufficient.
Home insurer Square One Insurance says it has been fielding so many recent calls about laneway homes — most of them in Vancouver — that it’s started offering a separate product created specifically for the structures.
Daniel Mirkovic, the company’s president and chief executive, says in the past, laneway homes or coach houses were often $50,000 conversions of detached parking garages created by homeowners to house their adult children.
“Now, because of the high price of real estate, the whole concept of laneway housing has changed,” Mirkovic said. “When you’re looking at a laneway home that the owners have invested $200,000 or $300,000 dollars to build, that’s a very significant investment…
Cogeco banking on improved growth with opening of Montreal data centre
– theglobeandmail.com
Company says the 100,000 square-foot, high-tech Montreal facility represents an investment that will total more than $100-million ‘over time’
Finding simple ways to build wealth online: Roseman
– thestar.com
A new breed of investment advisers caters to the millennial market, who prefer doing business on their smartphones.Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises
– canadianbusiness.com
WASHINGTON – Rising home values drove a modest increase in Americans’ household wealth to a new high of $85.7 trillion in the April-June quarter.
The Federal Reserve says Americans’ stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion.
Americans also stepped up borrowing, a sign of confidence in the economy.
Total mortgage debt grew at the fastest level since the recession ended in 2009. Overall household debt, which includes mortgages, student loans, auto loans and credit card debt, increased at the fastest pace in a year.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
The post Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises appeared first on Canadian Business – Your Source For Business News.
The Federal Reserve says Americans’ stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion.
Americans also stepped up borrowing, a sign of confidence in the economy.
Total mortgage debt grew at the fastest level since the recession ended in 2009. Overall household debt, which includes mortgages, student loans, auto loans and credit card debt, increased at the fastest pace in a year.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
The post Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises appeared first on Canadian Business – Your Source For Business News.
Obama chips away at Cuba embargo, easing business and travel rules – Reuters Canada
– news.google.ca
Reuters CanadaObama chips away at Cuba embargo, easing business and travel rulesReuters CanadaWASHINGTON (Reuters) – The Obama administration announced wide-ranging new rules on Friday to further ease trade, travel and investment restrictions with Cuba, the latest effort to chip away at the long-standing U.S. economic embargo amid a thaw …US Eases Some Limits on Cuban Travel and CommerceNew York TimesUS relaxes trade, travel restrictions on CubaAl Jazeera AmericaUS announces sweeping changes easing restrictions on business, travel to CubaFox Newsall 716 news articles »
