What is a Bank Bailout?
Yesterday we talked about the study released by the Canadian Centre for Policy Alternatives, in which they accused our federal government of giving the banks a bailout during the recession. While we disagree with this line of thinking, and explained in our post yesterday as to why we disagree with it, it’s raised some interesting…
Read moreWill the OSFI be able to Handle CMHC?
Most Canadians know by now about the recent changes made to the Canada Mortgage and Housing Corporation that were made last week; the changes that involve CMHC now being taken over by the Office of the Superintendent of Financial Institutions (OSFI.) When the change occurred, we asked you to weigh in on whether or not…
Read moreCanada’s Banks not Given Secret Bailout
Throughout the recession years in Canada, we prided ourselves on the fact that our economy was doing so much better than that of most of the world’s. Our Canadian and Toronto mortgages weren’t in as much trouble as they were down south, and our banks didn’t need the bailout that they also did in the…
Read moreMark Carney Reflects on Politics – and Debt
Bank of Canada Governor Mark Carney sat down with Tom Clark on “The West Block” last week to talk about two things that are weighing heavily on his mind, as well as the minds of many Canadians – whether or not he’s leaving us here in Canada; and of course, what we’re going to do…
Read moreCanadians want to be Mortgage-Free by 55, and they Can!
If someone were to tell you today that they wanted to be free and clear of their Toronto mortgage by the time they turn 55, would you laugh outright? Or perhaps wish them the best of luck while walking away and snickering behind your hand? Sure, in today’s housing environment with high prices that are…
Read moreLow-Maintenance Lawns are Greener and Cheaper
This is the time of year when many Canadians turn to things like home renovations, especially those outside – and they also turn to things like home equity loans and home equity lines of credit in order to pay for those renovations and remodels. If you’re one of the many that are doing that very…
Read moreExperts and BoC Governor Worried about Bubble
It’s a fact. You just can’t talk about today’s real estate market without mentioning the word “bubble.” Jim Flaherty spoke about it on Friday, and now Prem Watsa, chief executive officer of Fairfax Financial Holdings Ltd., and the Canadian investor who was the first to predict the crisis in the United States, says that if…
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