Money Talks: Volume 10
Hockey is back, most of Ontario is going through a cold snap, and there are some interesting talks going around about mortgages. All of that and more in this week’s edition of Money Talks! Personal Finance The NHL is back and aside from asking how your team is doing, there’s another question the Canadian Finance…
Read moreWhere are Women Putting Their Money?
Traditionally we’ve thought of women as having a close relationship to the home, whether that’s politically correct or not. But today when it comes to that relationship, it’s more about the dollar value women place on that home, rather than the emotional value; and it doesn’t stop there. Today is seeing a huge influx of…
Read moreDon’t Worry, Vancouver! Those Chinese Investors will Come Back!
It seems as though the subject of Chinese investors and Vancouver is one that will never make anyone happy. When they were all over the city scooping up some of the most enviable properties, people thought that they should back off and leave them for those that actually lived within the city limits. Once they…
Read moreMortgage Rules don’t Always Stop People from Borrowing
Mortgage rules may be tighter, but that doesn’t mean Canadians don’t have any way to borrow! Last July, after Canadians continued to ignore warnings about debt from the Bank of Canada and the federal government, Finance Minister Jim Flaherty stepped in and forced us all to listen. Bringing in mortgage rules that capped the amount…
Read moreBoC to Leave Rates Low due to Slower Economy
For the 19th decision date in a row (making that a total of 27 months,) Mark Carney and the Bank of Canada announced yesterday that they’d be leaving the Bank’s overnight lending rate at the historic low of 1 per cent. This, says Carney, is due to the fact that the economy has not performed…
Read moreDid Toronto Sales Really Drop 52% in December?
RealNet Canada Inc. has released some stats regarding Toronto’s December housing market, and they’re fairly shocking. The report states that home sales in the GTA dropped by 52.1 per cent when compared with December of 2011. Meanwhile, the amount of unsold homes on the market continued to go up – by 29.1 per cent from…
Read moreShocked? Vancouver is the Second Most Expensive City After Hong Kong!
In the least surprising news of the day, Vancouver is the second most expensive city to live in, following only Hong Kong, according to a new study. The study was the 9th Annual Demographia International Housing Affordability Survey. The survey studies 337 different markets within countries such as Australia, Canada, Hong Kong, Ireland, New Zealand,…
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