Are You Making Home Renovations this Fall?
When you think of home renovations, people often tend to think of repairing the roof in the summer; or redoing the landscaping in the spring. But the autumn season can also be a good time to take care of some of the projects around your home; and a recent BMO survey showed that nearly half…
Read moreBidding Wars Still Present in Toronto, but not on Toronto Mortgages
At the very height of the boom that Toronto has been in lately, there were bidding wars on just about every home that was on MLS. Even the amenity-deprived and multiple-room-challenged homes would still receive offer after offer during the huge real estate boom that’s been occurring in Toronto for the past couple of years….
Read morePossible Solutions to the Fiscal Cliff
The fiscal cliff is a hugely hot topic these days, with everyone from the United States to Canada to Australia having an opinion about it. There’s good reason for it. If the U.S. goes off this cliff, it’s not only going to be them that feels the repercussions. It really will be the fall heard…
Read moreMoney Talks: Volume 1
Welcome to Money Talks! This is our weekly edition where we’ll round up the best in financial news and matters around Canada and around the globe, and bring them to you in one neat little package. From real estate to the fiscal cliff, let’s look at this week’s edition – the very first one of Money Talks!…
Read morePaying Cash for a Home Renovation Project? Make Sure You’re Doing it Right!
There are a few ways you can finance a home renovation. You can work out a payment arrangement with the contractor, you can refinance your home or take out a home equity loan and pay it all off at once, or put it all on a credit card – again, paying it off slowly over…
Read moreMark Carney: Mortgage Rate Increases “Less Imminent”
Mark Carney has been blamed in the past for using confusing language regarding mortgage interest rates. One month he says they’re going up, the next he’s talking about how they need to remain where they are for the time being. But, in an effort to always clear up any confusion Canadians have over the rate…
Read moreJim Flaherty Announces Deficit to Increase to $26 Billion
This should give the opposition some fuel for their fire. After releasing the federal government’s budget for the 2012-13 fiscal year, Finance Minister Jim Flaherty has announced that the federal deficit this year will rise to $26 billion. This is $5 million higher than what was projected in the March budget; and it means that…
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