Toronto home sales, average prices soar in August + MORE Sep 7th

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Old-school financial advice that no longer applies Feb 12th

Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world. As younger Canadians continue to fac.... More »
investment

How long should you hold a cryptocurrency investment? Apr 7th

I’m new to investing in bitcoin and ether, but a long-time investor. But since cryptocurrencies are relatively new as investments, I was wondering if you could explain what it means to be a long-time crypto investor. How long should I hold on to it?—Sadie A long-time investor is someone who, .... More »
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Frankie earns $53,000 but has a mountain of credit card debt. Can he ever climb out of this hole? Feb 20th

The 24-year-old Toronto writer says tracking his spending was a ‘wake-up call,’ but feels ‘it’s never too late’ to get his financial house back in order.... More »
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Darryl White officially takes reins at Bank of Montreal as chief executive + MORE Nov 1st

TORONTO _ Darryl White officially started his new job as chief executive at the Bank of Montreal today. White takes over from Bill Downe, who retired after more than a decade in the top job. BMO (TSX:BMO) named White, who had been the bank’s chief operating officer, as Downe’s successor .... More »

3 alternatives if you want to own a home + MORE Dec 16th

TORONTO —With the sluggish economy and tightened lending rules, being priced out of the real estate market is a reality for many, particularly those in Toronto and Vancouver. But whether your finances are limited or you simply don’t want to overextend yourself, there are other options. Move .... More »
Ripple effects from B.C.’s foreign-buyers tax are still unclear, but analysts agree that foreign investment plays a role in the region

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NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Wednesday:
Apple Inc., up 66 cents to $108.36
The tech giant showed off its newest iPhones, updated smart watch, and other gadgets at its annual fall product launch.
Dave & Buster’s Entertainment Inc., down $1.34 to $44.93
The restaurant and arcade chain reported disappointing revenue at older locations and trimmed its forecast for those sales.
Western Digital Corp., up $5.75 to $53.30
The hard drive maker raised its first-quarter outlook.
Chipotle Mexican Grill Inc., up $24.38 to $438.45
Bill Ackman’s investment firm Pershing Square took 9.9 per cent stake in the struggling Mexican food chain.
Apache Corp., up $3.46 to $55.13
The oil and gas company said it discovered a major oil field in Texas.
Sprouts Farmers Markets Inc., down $3.13 to $19.68
The healthy grocery store chain cut its guidance because of falling food prices and growing discounts.
Delta Air Lines Inc., up $2.08 to $38.90
The airline lowered some of its third-quarter projections after a computer outage in August, but investors appeared to expect worse…

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Toronto home sales, average prices soar in AugustTORONTO – A record number of homes were sold in the Greater Toronto Area last month as listings continued to dwindle, the city’s real estate board said Wednesday.
The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, though there were two more working days this year.
Still, even adjusting for an equal number of days, last month’s sales volume in the Greater Toronto Area was up about 13 per cent from August 2015.
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“The conditions underlying strong demand for … housing remained in place, including a relatively strong regional economy, growth in average earnings and low borrowing costs,” Larry Cerqua, president of the Toronto Real Estate Board, said in a statement.
“Unfortunately, we did not see any relief on the listings front, with the number of new listings down compared to last year…

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Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,796.75, down 16.27 points):
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 0.79 per cent, to $3.78 on 6.4-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down three cents, or 0.48 per cent, to $6.25 on six-million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up eight cents, or 1.69 per cent, to $4.82 on 5.8-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down four cents, or 0.68 per cent, to $5.85 on 5.4-million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down 93 cents, or 4.04 per cent, to $22.07 on 5.1-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 37 cents, or 2.90 per cent, to $13.15 on five-million shares.
Companies reporting major news:
Alimentation Couche-Tard Inc. (TSX:ATD.B). Convenience stores. Down $1.59, or 2.34 per cent, to $66.35 on 1.1-million shares. Alimentation Couche-Tard has agreed to sell two gasoline stations in Ontario and Quebec to resolve Competition Bureau concerns about the convenience store chain’s purchase of nearly 300 Esso locations from Imperial Oil for about $1…

Continue Reading On canadianbusiness.com »

Is it still worthwhile to hold an open house if you’re selling your home? Some argue no. What with the proliferation of the Internet, there are so many online sites and apps that would-be buyers not only find homes for sale, but can easily book appointments and view pictures, all with the click of a mouse or a swipe of a finger.
These days, the biggest argument against doing an open house is that it’s actually far more beneficial to the listing realtor, than to you, the seller.
Still, there are advantages to holding an open house as former Deputy Editor, Sarah Efron points out. (And if you’re a prospective buyer you should definitely consider going to every open house when shopping for a home.)
Tips for a better open house »
Ask a Real Estate Expert: Ask our experts your property or real estate question »

brightcove…

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