High Housing Starts Indication of More Competition for Landlords
There’s an interesting trend happening around the country. Mortgage rules have tightened significantly within the past five years; and recently CMHC announced new rules to lenders that will also have their own impact. But instead of a major softening or correction, housing starts trended at 187,416 units last month; and those were only down a…
Read moreNew CMHC Rules Mean Cancelled Pre-Approvals for Brokers and Clients
The announcement was made at the beginning of this month that CMHC is changing their rules, and placing a cap on the amount of guarantees they’d be handing out to any individual lender. The first fallout we were to feel from that was higher mortgage rates at all lenders across the board, something worrisome indeed…
Read more5 Ways to Start Saving Money Today
Life would be so much better if we could just save a little bit of money, wouldn’t it? But how are you supposed to save more when you already feel like you’re strapped to the max, and are already working so hard to save those few pennies every week? Aside from the most commonsense tips…
Read moreAn Example of Fine Economic Balance
We all know that keeping our economy in good shape is a delicate balancing act. The need for consumers to keep spending and putting money into the economy, while not racking up huge household debt is one of them – and one that we’ve talked about many times. But what about when things like home…
Read moreMoney Talks: Volume 38
Did you grow up in a frugal family? Will you be working overtime on the Calgary floods? Find out all the answers and more in this week’s edition of Money Talks. Personal Finance Are you trying to save but find that something always sabotages those plans? Gail Vaz-Oxlade shows you what they are, and why…
Read moreHome Sales were Up in July!
June home sales around Canada didn’t produce terrible numbers, but with slight drops in certain areas they still had many people asking if the slight improvement may have just been a blip on the radar, and one to quickly disappear at that. But July proved differently, and home sales for last month showed that we…
Read moreCRA Brings Relief to Flood Victims in Alberta
Just yesterday we talked about how the CRA is trying to catch tax cheats around the country. But in addition to keeping Canadians honest, the CRA also steps in when help is needed – and is there to provide it. That’s the current case with flood victims in Alberta who are turning to their employers…
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