What Not to do when Holiday Shopping
It’s official. We now have less than one week to get ready for Christmas. And while it may be too late to get your holiday shopping done early, we still have some tips for you on how to make the most of your shopping, namely in the way of these top tips on what not to…
Read moreWhat is the New Risk Fee on CMHC Insurance?
It wasn’t that long ago that we wrote a post about the new risk fee imposed on CMHC, that will begin being charged in 2014. While our earlier post spoke about how it would be the private insurers, Genworth and Canada Guaranty, that benefit the most from this, we’ve received lots of questions asking us…
Read moreWith Real Estate Agents, do You get what you Pay For?
There’s a funny thing with real estate agents, and it’s called commission. Some charge 5 per cent, some 7. Others still get away with charging only 3, or as low as 2.5 per cent commission. But why the difference in commission rates? And are real estate agents really worth 7, sometimes up to 9 per…
Read moreDeutsche Bank: Canada’s Housing Market is Overheated by 60%
The Deutsche Bank based out of Germany has just recently released a report showing the most overvalued and undervalued housing markets in the global economy, and it’s put Canada at the very top of the list. While the top ten is also made up of Belgium, New Zealand, Norway, Australia, France, Britain, Sweden, Finland, and…
Read moreHousehold Debt and Net Worth both Grow in Third Quarter
Statistics Canada came out on Friday with some good news and some bad news. According to their new report, household debt grew during the third quarter to a new record high, but at the same time, net worth also grew, suggesting that those who are taking on more debt can afford to do so. According…
Read moreMoney Talks: Volume 55
Well after a few weeks of riding a mortgage/real estate high in the news, this week’s volume of Money Talks covers everything from mortgage and real estate to news on the Canadian economy and personal finance too. For those of you who have been missing all features of the headlines, let’s get right into this week’s…
Read moreStephen Poloz says Housing Market Experiencing “Soft Landing” – For Now
In his last interest rate announcement, Bank of Canada governor Stephen Poloz sounded nearly optimistic about our economy, while leaving the overnight lending rate at the 1 per cent economists are expecting it to be for, minimum, the next six months. But this week when speaking to reports before a meeting in Montreal, he still…
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