Luxury home sales slip in Vancouver, but pick up in Toronto + MORE Sep 14th

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Never made a budget before? Here are a few budgeting basics for post-secondary students + MORE Aug 17th

Budgeting is probably the most important financial skill every student needs to learn because it’s the cornerstone of financial security and, eventually, success. And, if you learn how to manage a tight budget while in school, you should be able to master budgeting for the rest of your life..... More »
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Weekend Reading – Trump inauguration, investing risk, top-10s, Fortis and #money stuff + MORE Jan 20th

Save, invest, prosper with My Own Advisor. After 12 months of campaigning, mudslinging, attack ads, apologies – and oh yes, an election – the day (we’ve all feared?!) is finally here – Donald Trump’s inauguration. Let the roller-coaster ride begin! Actually, I have a plan in place for this.... More »
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Canada’s best no foreign transaction fee credit cards 2021 Jun 9th

Millions of Canadians travel abroad with their domestic credit cards and don’t realize they’re racking up foreign transaction fees (often referred to as “forex” fees) that can amount to 2.5% on top every purchase. The good news is, there are a few credit cards out there that offer either zer.... More »

NRA sues New York officials over 'blacklisting' campaign - National Post + MORE Aug 4th

Orlando SentinelNRA sues New York officials over 'blacklisting' campaignNational PostALBANY, N.Y. — The National Rifle Association is suffering grave financial harm that threatens its ability to pursue its advocacy mission because of a “blacklisting” campaign by Gov. Andrew Cuomo and.... More »
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Going public: A look at some of the biggest Canadian IPOs by value since 2000 + MORE May 31st

Rarely has an IPO drawn as much political attention as Kinder Morgan’s sale of its Canadian unit, a deal designed to fund the Trans Mountain pipeline expansion. At $1.75 billion, the public market debut of Kinder Morgan Canada (TSX:KML) is on track to be the fourth most valuable in Canadian hi.... More »
EDMONTON – Alberta’s securities regulator — at the urging of the province — is revisiting a previously rejected plan to publicize the number of women who hold top jobs in publicly traded companies.
Stephanie McLean, Alberta’s minister for the status of women, says she is not prejudging the outcome, but made it clear she does not wish to see the Alberta Securities Commission reject the plan a second time.
“I would not be thrilled if we didn’t move in that direction because that is the way the world is going,” McLean told a news conference Wednesday.
According to the province, nine out every 10 boardroom chairs in Alberta-based companies listed on the TSX are occupied by men. McLean said that gender disparity needs to be put in the spotlight.
“As hard as we work, the top has been out of reach for too many women,” said McLean.
“This happens despite research that shows hiring women to leader positions is not only fair, but makes good business sense…

Continue Reading On canadianbusiness.com »

Luxury home sales slip in Vancouver, but pick up in TorontoTORONTO – A report by Sotheby’s International Realty Canada says sales of luxury homes in Vancouver cooled in July and August, however the high-end market picked up in the Toronto area.
The real estate firm says the new foreign buyer tax introduced in Vancouver in August has injected uncertainty into that city’s market, which is expected to moderate headed into the fall.
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Sotheby’s says escalating interest from foreign buyers as well as strong local market fundamentals are expected to boost the Toronto area market.
Sales of single-family homes over $1 million in Vancouver in July fell 30 per cent compared with a year ago to 193.
In August, sales were down 65 per cent compared with a year ago, falling to 95.
Vancouver condominium sales over $1 million in July totalled 93 — up 29 per cent from a year ago — but sales in August fell 49 per cent compared with the same month last year, dropping to 40…

Continue Reading On moneysense.ca »

VANCOUVER – Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant.
Mayor Gregor Robertson announced new details of the tax ahead of its introduction to city council next week, with the aim to have it in place in 2017.
He says the most conservative estimate of what the tax could generate is $2 million, which will primarily go towards cost recovery to administer the tax.
8 reasons why Vancouver real estate is so crazy »
The purpose of the tax is to encourage owners to rent out their empty homes in an effort to improve Vancouver’s vacancy rate, which has hovered near zero for years.
In July, the British Columbia government gave the city the authority to create the tax, which is separate from the province’s 15-per-cent tax on foreign purchases of Metro Vancouver real estate.
A study commissioned by the city earlier this year found that as many as 10,800 homes were sitting empty in Vancouver, most of them condominiums…

Continue Reading On moneysense.ca »

Oprah Winfrey’s big investment in Weight Watchers has paid off so far, but her Midas touch could be in question given the company’s recent struggles.

Continue Reading On cbc.ca »

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