Sales up, prices down in GTA housing market Oct 6th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
 stock exchange

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 »
 IPO

Joe Canavan on what it takes to build lasting wealth + MORE May 7th

Joe Canavan is a Canadian venture capitalist and Principal of Canavan Capital, recently named Angel of the Year by the National Angel Capital Organization. He was an early backer in companies like Wealthsimple, KOHO, and Borrowell, and scaled Fidelity Investment Canada’s assets from $60 million to.... More »

7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario - CBC Jun 23rd

7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario  CBCOttawa, Ontario to announce joint Indigenous loan guarantee for new Darlington nuclear reactors  The Globe and MailSeveral First Nations sign deal with Ottawa, Ontario to own part of a nuclear reactor&nb.... More »
 money market

Stock news for investors: Air Canada Q3 profit plunges to as strike weighs on results Nov 7th

Here’s a round-up of news for Canadian investors this week. Air Canada Fortis Thomson Reuters Suncor Cameco Maple Leaf Foods Sun Life Financial Cineplex Corus Entertainment Xanadu Quantum Technologies Featured RRSP Accounts .... More »

SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision - Reuters May 21st

SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision  ReutersSpaceX files for stock market debut that could make Elon Musk a trillionaire  BBCSpaceX, OpenAI valuations would mean they leapfrog Berkshire Hathaway on first day of trading  CNBCSpaceX is cap.... More »
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.

The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from September of last year, and up 2% on a seasonally adjusted basis from August. The rise in sales came as the average selling price was down 4.7% from last year to $1,059,377, and the composite benchmark price was down 5.5% in September. Compared with August, the average selling price ticked up 0.2%. 

“The Bank of Canada’s September interest rate cut was welcome news for homebuyers,”  said TRREB president Elechia Barry-Sproule in a press release. “With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs.” 

The central bank cut its benchmark rate by a quarter-percentage point to 2.5% on Sept. 17, breaking a streak of three consecutive holds since March…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!