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Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th
A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.
Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »
The markets are rallying against all odds. Why? Jun 7th
Over the last four years, it has become increasingly clear that stock market investors don’t care at all about what’s going on in the world.
Right now, America, the world’s largest economy, is entirely devoid of leadership. You would think that having a president who brushes off a brutal pan.... More »
The ins and outs of tax and estate planning for a RRIF Apr 3rd
Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds). My withdrawal is about $12,000 a year.
How can I minimize tax payable (by my beneficiaries) at death?
— Lydia
A: The tax savings and deferral from contributing t.... More »
Angus Reid cashes out of Vancouver software firm Vision Critical + MORE Feb 27th
The pollster’s $44-million stock sale and exit from the board ends a tumultuous chapter for the Vancouver firm
.... More »
Kinder Morgan hires TD to sell Canadian business, say sources + MORE Sep 14th
Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week..... More »
Montreal has best start to real estate market in 4 years, sales rise 10% in Q1
– canadianbusiness.com
MONTREAL – Greater Montreal’s real estate market is off to the best start in four years, with the number of residential sales up 10 per cent in the first quarter.
About 10,600 sales were concluded in the first three months of the year, with sales increasing in all five main geographic areas in and around Canada’s second-largest city, the Greater Montreal Real Estate Board said Thursday.
Sales of residential buildings with two to five units increased 20 per cent. Condominium sales grew 12 per cent and single-family home sales were up eight per cent.
Properties valued at $500,000 or more jumped 21 per cent.
The median price of plexes grew five per cent to $455,000. Single family homes prices rose two per cent to $285,000 overall and up three per cent to $395,000 on the island which includes the city of Montreal. Condo prices fell one per cent to $230,000 overall, but increased four per cent to $276,540 on the island.
There were 34,208 properties for sale during the quarter, down five per cent from a year ago…
About 10,600 sales were concluded in the first three months of the year, with sales increasing in all five main geographic areas in and around Canada’s second-largest city, the Greater Montreal Real Estate Board said Thursday.
Sales of residential buildings with two to five units increased 20 per cent. Condominium sales grew 12 per cent and single-family home sales were up eight per cent.
Properties valued at $500,000 or more jumped 21 per cent.
The median price of plexes grew five per cent to $455,000. Single family homes prices rose two per cent to $285,000 overall and up three per cent to $395,000 on the island which includes the city of Montreal. Condo prices fell one per cent to $230,000 overall, but increased four per cent to $276,540 on the island.
There were 34,208 properties for sale during the quarter, down five per cent from a year ago…
Phil Kessel scores one last time in Toronto
– moneysense.ca
Looks like Phil Kessel, who vacated his spot as the Maple Leaf’s temperamental right winger last year, is officially no longer a Toronto condo-owner.
As reported in the Toronto Star, Kessel just finalized the sale of his 5,000 square foot condo apartment—selling it for 85% of the $3.38 million initial list price. (Watch the video above for a virtual tour of the place.) So, should Kessel be worried about the $565,000 loss? Does this mean home sellers can expect a drop in prices this year? It’s a definitive “no” to both questions. Here’s why.
Different buyers
It’s not just the price tag, space or amenities that set luxury properties apart, it’s also the type of buyer that is attracted to these properties. International demand has a much larger impact on luxury market sales, explains Jonathan Smoke, chief economist at U.S.-based Realtor.com. While middle-class Canadians may be worried about mortgage rates, land-transfer taxes and rising home prices, luxury home buyers are more concerned about safe investment environments and ways to maintain or create more wealth…
As reported in the Toronto Star, Kessel just finalized the sale of his 5,000 square foot condo apartment—selling it for 85% of the $3.38 million initial list price. (Watch the video above for a virtual tour of the place.) So, should Kessel be worried about the $565,000 loss? Does this mean home sellers can expect a drop in prices this year? It’s a definitive “no” to both questions. Here’s why.
Different buyers
It’s not just the price tag, space or amenities that set luxury properties apart, it’s also the type of buyer that is attracted to these properties. International demand has a much larger impact on luxury market sales, explains Jonathan Smoke, chief economist at U.S.-based Realtor.com. While middle-class Canadians may be worried about mortgage rates, land-transfer taxes and rising home prices, luxury home buyers are more concerned about safe investment environments and ways to maintain or create more wealth…
Shares in Canadian-based entertainment conglomerate Entertainment One were up 13 per cent on the stock market Thursday after a report suggested British TV channel ITV was considering buying the company.
4 ways an automated RRSP plan will improve your life
– thestar.com
From less stress to greater gains, there are a number of reasons to set up monthly contributions.Putin tells Russians he shares pain of economic hardship in annual phone-in – The Globe and Mail
– news.google.ca
The Globe and MailPutin tells Russians he shares pain of economic hardship in annual phone-inThe Globe and MailPresident Vladimir Putin assured ordinary Russians on Thursday that he was trying to relieve the hardships inflicted on them by the slowing economy and the financial knock-on effects of Russia's stand-off with the West. Putin used a televised phone-in, …Putin blasts Panama Papers 'provocation,' soothes crisis-hit RussiansReuters CanadaMeldonium not a performance-enhancer says PutinToronto StarPutin seeks to charm, insists Russian economy on the mendTheChronicleHerald.caABC News -Reuters Blogs (blog) -New York Times -NPRall 445 news articles »
