How to go about securing the best return for your investment in Canada.
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The financial perks of taking a gap year before post-secondary May 16th
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.
The financial perks of taking a .... More »
Morneau leaning toward 'targeted measure' to boost corporate investment - not tax cut + MORE Sep 13th
The federal government's fall economic update is likely to include targeted tax measures to boost the country's competitiveness instead of a cut to the country's corporate tax rate, according to a senior government official familiar with the Department of Finance's work on the issue..... More »
Three dates is all it takes to determine financial compatibility Jul 23rd
When you work as a team, you can build wealth together, writes Lesley-Anne Scorgie..... More »
Why Young People Trust TikTok for Financial Advice + MORE May 30th
When Courtney Croucher, 23, first stumbled upon “FinTok,” i.e. financial TikTok, she owed $40,000 in student loans and had no idea what her future held. It was May 2020 and she was living at her parents’ house in Cambridge, Ont., after graduating from media studies at Western Universit.... More »
Drug firm AstraZeneca says 3Q earnings fall 12 per cent. + MORE Nov 10th
LONDON – Anglo-Swedish drugmaker AstraZeneca says third-quarter earnings fell 12 per cent as its blockbuster cholesterol drug Crestor faced its first full quarter of competition in the United States from generic alternatives.
Operating profit declined to $1.03 billion from $1.17 billion in the.... More »
How big a problem are foreign house flippers in Canada? Maybe not as big as you think, CIBC says
– cbc.ca
Canada may consider a tax on foreign investors flipping Canadian homes for a quick profit, Benjamin Tal says, but overall the economist at CIBC says such speculative activity is not a big part of the real estate market.
Why Urbancorp collapsed in Toronto’s red-hot housing market
– theglobeandmail.com
The developer muscled its way into the big leagues of Toronto real estate with rapid-fire deals and large financings. How did it all go so wrong?
Home sales break records in British Columbia
– moneysense.ca
VANCOUVER – More property sales records tumbled in April according to the British Columbia Real Estate Association.
A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same period last year.
Sales also eclipsed the record of 12,560 units set in March.
8 solutions for Vancouver real estate madness »
The release says $9.64 billion changed hands in April, a leap of almost 53 per cent compared to April 2015.
Year-over-year sales dollar volume rocketed to $31.2 billion, up 64 per cent.
The real estate association reports the average price of a home in B.C. nudged $744,000 last month, a 17 per cent hike in one year.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA chief economist.
Saving 20% to buy a house? It’ll take you 12 years »
The Vancouver Island, Fraser Valley and Thompson/Okanagan regions are particularly active, he said.
Modest movement away from Vancouver came as sky-high prices and a lack of properties were blamed by the Canadian Real Estate Association for a minor sales dip in the city in March, but experts see no end to healthy sales in B…
A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same period last year.
Sales also eclipsed the record of 12,560 units set in March.
8 solutions for Vancouver real estate madness »
The release says $9.64 billion changed hands in April, a leap of almost 53 per cent compared to April 2015.
Year-over-year sales dollar volume rocketed to $31.2 billion, up 64 per cent.
The real estate association reports the average price of a home in B.C. nudged $744,000 last month, a 17 per cent hike in one year.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA chief economist.
Saving 20% to buy a house? It’ll take you 12 years »
The Vancouver Island, Fraser Valley and Thompson/Okanagan regions are particularly active, he said.
Modest movement away from Vancouver came as sky-high prices and a lack of properties were blamed by the Canadian Real Estate Association for a minor sales dip in the city in March, but experts see no end to healthy sales in B…
A line of credit is derailing my mortgage application
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in tip top shape. She’s already been challenged to cut her fitness expenses as well as to determine if she should prioritize debt-repayment over saving. Lindsay’s third challenge was all about condo-buying and the various aspects associated with that process.Challenge No. 3 — An update
Over the last couple of weeks, Lindsay has done some legwork and gone to a competitor bank to find out how large of a mortgage she’d need to purchase a two-bedroom condo in Kamloops, B.C. She’s also learned about the costs of CMHC mortgage insurance as well as large a mortgage she’d be eligible for.
Lindsay talked about her experience in the video below and then we had experts give her some clarification and advice…
Fort McMurray disaster won’t hit Canada’s big banks: DBRS
– theglobeandmail.com
Banks with insurance operations will be exposed to higher claims, but DBRS expects liabilities can be easily absorbed by bank earnings
