Spring housing market heats up in Toronto, Vancouver, realtors say + MORE Mar 10th

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Spring housing market heats up in Toronto, Vancouver, realtors say
TORONTO – Rock-bottom interest rates, a scarcity of supply and growing demand from millennials and wealthy immigrants have fuelled a strong start to the spring real estate season in Toronto and Vancouver.
“Spring has come early for both Toronto and Vancouver,” said Sal Guatieri, a senior economist at BMO Capital Markets.
Both cities experienced growth in sales volumes and prices during the first two months of the year, Guatieri said.
“I would expect the spring market to be quite hot in both cities — but that will be the exception across the country, not the norm.”
In Toronto, February home sales grew by 11 per cent from a year ago while prices jumped nearly eight per cent, according to statistics from the Toronto Real Estate Board. That’s despite the fact that it was one of the coldest Februaries on record for the city.
“I’ve always said that our climate naturally has a natural cooling effect on our real estate market,” said Claude Boiron, a Toronto-based broker with Royal LePage Terrequity Realty…

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90 days – 1.75%

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This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.

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What to look for in a Hydro One IPO

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Dividends, price and management control are all question marks

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Manly Winstone Roger Bauer, 1938-2015
Manly Winstone Roger Bauer was born on July 19, 1938, in Windsor, Ont. His father, Wilfred, was a broomcorn sharecropper in Colchester South, Ont., who died of appendicitis two months before Roger was born. He was raised by his mother, Ethel, who moved Roger and his older brother, Ron, to Leamington, Ont., to be closer to her parents. There, Ethel continued working the farm and, despite the family’s poverty and an offer from a friend to adopt her sons, fought tirelessly to keep the family together.
Roger spent his childhood taking long Sunday drives and going to the beach with his mother and brother, remaining blissfully ignorant of his family’s financial straits. One Christmas, when a charity showed up at the front door to deliver a turkey, he almost turned them away, thinking that couldn’t possibly be for their household, before his mother intervened.
Ethel impressed upon her sons that possessions weren’t important. One night in high school, after Ron came home with a new car, Roger convinced him to let him take it out for a ride…

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40 days – 2.75%

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This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.

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