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Mark Carney tells U.S. investors Canada 'can help make America great again' May 28th
The prime minister urged New York investors and the American administration to see Canada as a trusted ally and safe haven for investment..... More »
Nvidia’s stock market value tops $3.3 trillion Jun 20th
Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.
Nvidia has seen soaring demand for its semiconductors, which are used to pow.... More »
Making sense of the markets this week: December 15, 2024 Dec 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Enjoy the jumbo rate cut—it’s likely the last one
The Bank of Canada (BoC) cut its key interest rate by 0.50% .... More »
Tips For Investing At Every Stage of Your Career May 5th
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Before making an important investment decision, one might consider a number of factors, including fees, time horizon, risk tolerance, performance, to name a .... More »
Toronto Blue Jays flex financial muscle to secure George Springer, the player they wanted all along - TSN Jan 20th
Toronto Blue Jays flex financial muscle to secure George Springer, the player they wanted all along TSNBlue Jays land top off-season target George Springer with historic contract Sportsnet.caAP source: Springer agrees to $150M, 6-year deal with Jays Taiwan NewsThe Ja.... More »
Every housing bubble looks like the new normal—until it doesn’t
– canadianbusiness.com
The Toronto housing market was in a precarious place in the late 1980s. Prices had doubled in a short period, households were piling on debt and the market showed no signs of slowing down. That period represented a peak for Toronto (prices crashed in 1989) but by today’s standards, it looks absolutely quaint. The average home price was a mere $469,000, amounting to 5.4 times the average income. These days, the average home price is between seven and eight times income. To return to the ratio of the 1980s, the average household income has to jump to $160,000, or home prices have to fall back to $460,000.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canada’s real estate market went completely insane
There is a third possibility: this time is different. Maybe prices in Toronto and the surrounding suburbs really have reached a new normal, and a wide swath of people are permanently shut out of the market…
(Chris Helgren/Reuters)VANCOUVER – Home sales across Metro Vancouver rebounded to near record levels in May but demand is now being driven by condominiums and townhomes, a real estate expert says.
That’s a shift from booming single-family home sales last year, said Real Estate Board of Greater Vancouver president Jill Oudil.
“First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing,” she said in a news release.
Residential property sales totalled 4,364 in May, a leap of 22.8 per cent over the homes sold one month earlier, the real estate board said.
The numbers are 23.7 per cent above the 10-year sales average for the month and mark the third-highest selling May on record.
New listings for all property types also increased 23.2 per cent across the region compared with April, but available townhomes for sale climbed at the slowest pace, followed by apartments and detached homes, Oudil said.
“Homebuyers are beginning to have more selection to choose from in the detached market, but the number of condominiums for sale continues to decline,” she said…
Vancouver real estate market heating up again as sales and prices rise – Financial Post
– news.google.ca
Financial PostVancouver real estate market heating up again as sales and prices riseFinancial PostRealtors in Canada's most expensive city for housing report that market activity returned to near record levels in May, a mere nine months after the province introduced a 15 per cent tax on foreign buyers. But the Real Estate Board of Greater Vancouver …Condos, townhomes hottest sellers in Metro Vancouver: real estate boardToronto StarVancouver home prices rise as market recovers from buyers taxThe Globe and MailGreater Vancouver home sales return to almost record levels in MayVancouver SunBNN -Castanet.net -CKNW News Talk 980 -Better Dwellingall 10 news articles »
Canada Goose defies brick-and-mortar gloom with retail push
– theglobeandmail.com
Apparel maker releases first earnings report since stock market debut
We have few assets. Can we skip having a will?
– moneysense.ca
Q: Ed, my husband and I do not have a will. We have no house but do have an RRSP, a little cash, and two children (ages 14 and 12). Should we have a will? If so, what type of will is acceptable/legal without seeing a lawyer, seeing that we do not have much in the way of assets.
—Pam
A: Pam, the short answer is “any will that works.” What if you make the will yourself? How do you know it will work?
Wills do not need to be prepared by lawyers. A lawyer-prepared will is your best investment to protect your family. Financial advisors cannot provide legal opinions on wills—only lawyers can.
Lawyers and their fees come in all shapes and size, as I will explain.
DIY wills are land mines
These wills are set to explode when they’re really needed. Wills prepared by lawyers can cost hundreds of dollars. Compare that with the cost of going to court to fix homemade wills. Going to court costs thousands of dollars per day for each lawyer.
Lawyer-prepared wills have different price tags…
