Money Talks: Volume 45
It’s bound to happen. You can keep chugging along reading all the news stories you can get your hands on and making sure you’re continuously informing yourself, but this is bound to creep up on you at some point or another. You’re going to come across a slow news week. That’s just what we’re facing…
Read moreDo You Agree with the Montreal Real Estate Board?
A problem has arisen in Quebec, and it once again has many in the province talking about separating. This time, from the Canadian Real Estate Association, the agency that fills us in on what home sales around the country are doing and continues to keep its eye on the national housing market. But if the…
Read moreMortgage Insurer + Habitat for Humanity = Match Made at Home
Just yesterday we talked about mortgage insurance, mortgage insurers, and the bad name they can sometimes get. Yes this insurance can add up to exorbitant fees and costs, and the Crown corporation has been limiting the amount it will allow banks to hand down to their consumers. But one mortgage insurer in Canada – Genworth…
Read moreWhich Bank has the Most Insured Mortgages?
CIBC is the nation’s biggest bank by assets, and recently the head of the bank’s retail banking operation, David Williamson, says that he’s very comfortable with their business mix. One reason for that is because they hold the largest amount of insured mortgages in the market. The question is, is that a good thing? “In…
Read moreDo Young People have Problems with Credit Unions?
The name change of a credit union on the west coast has brought to light one important question – do young people mistrust credit unions more than they do actual banks? The credit union is (or was) North Shore Credit Union, which will now be known as BlueShore Financial. One reason why the credit union has…
Read moreWhy did the Tories Delay Implementation of the New Home Warranty?
There’s been a change to the New Home Buyer Protection Act, and it has some Canadians raging against the Conservative government. It all started months ago, when changes were made to the Act to help better protect new homeowners, and to ensure that proper warranties were set in place for not just a year, but…
Read moreNo Rebound? July’s Retail Sales Say Differently
Economists, analysts, mortgage brokers, and real estate agents have been going back and forth on whether or not Canada is in the midst of a rebound or not. Now, new stats have come out that show we are actually in a rebound, and those stats have nothing to do with new home sales, resales, or home…
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