Money Talks: Volume 43
In last week’s issue of Money Talks, the talk revolved mainly around mortgages. So, we suppose it’s fitting that this week, it’s real estate that’s taking the spotlight. Oh, personal and Canadian finance are in there too, but with all the talk surrounding the market these days, it’s not really surprising to see that it’s…
Read moreWhy are Seniors in so Much Debt?
Just a few weeks ago, we talked about the new Equifax report that showed that retirees were the group to be the most in debt out of all Canadians. Now, some leaders in the industry are speaking out about just why that is. Craig Alexander, chief economist with TD Bank, says that one reason could…
Read moreDon’t Worry about Those Condos, They’re not Hurting the Market Any
Even with home sales being up (sometimes drastically) for the past several months, and even in some of Canada’s hottest markets, experts are telling the Canadian people not to worry about all those condos filling our skies. Although Genworth Canada and the Conference Board of Canada both say that sales may drop slightly this year,…
Read moreWeighing Household Debt and Net Worth
Statistics Canada has just released stats showing that one of the major things we’ve all been worried about is going the wrong way. It’s our household debt, and it’s climbing. For those ready to plunge into full-on panic though, take heart. Our household net worth is also on the rise, thanks to that red hot…
Read moreHome Sales Churn on in August
Well lookie-loo all you naysayers! Not only were home sales up in July, after many predicted that the market was to crash and burn right around the same time, but a new report from the Canadian Real Estate Association also shows that they were up in August too! On a month-over-month basis, home sales in…
Read moreBoomer Trend not Likely to Materialize
So any day now we can expect all those Baby Boomers to evacuate their huge single-family homes and start filling up all those condos, right? That’s been the predicted trend for a few years now, and one that the government and developers have hoped will materialize so that all those empty condo units can finally…
Read moreTighter Rules Mean More Good Mortgage News
Who could forget the uproar hear round the country last year when Finance Minister Jim Flaherty announced tighter mortgage rules? And we practically had to cover our ears just last month, when CMHC announced they too would be introducing tighter lending rules to lower the amount of mortgage insurance that was being given out. But…
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