Which 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…
Read moreMoney Talks: Volume 44
For the past couple of weeks, all the headlines in the news seemed to focus on one thing. If it wasn’t personal finance, it was mortgages. And if it wasn’t mortgages, it was real estate. That’s why this week, it was especially refreshing – even for us – to find topics that covered every gamut…
Read moreAre You a Student? Are You Getting Your Tax Breaks?
No, thankfully it’s not time just yet to file your taxes once again. But, students are just starting to get back into the swing of school and that means they should be saving their receipts and adding up all that money they’ve spent that they can get back come next April. So, what tax breaks…
Read moreBank Forecasts Doom, Brokers Aren’t so Sure
Scotiabank has recently come out with a new forecast, saying that the housing market is going to be slow in 2014. This, they say, will be due to factors such as rising interest rates and low housing starts, but at least one broker isn’t so sure that their forecast represents reality. The bank did point…
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