Are You Surprised that Condos are still the Most Affordable?
It wasn’t that long ago that we reported that baby boomers are looking towards home renovations rather than selling off the family home and downsizing when they’re older. A new survey from BMO Capital though, shows that may not be the case after all. And that older clients are now looking towards super affordable condos….
Read moreDo Outlet Malls Help Stop Cross-Border Shopping?
Canadians may be cross-border shopping when it comes to American real estate faster than ever, and that may be a good thing for economies on both sides of the border. But that doesn’t necessarily mean that provincial or federal governments want our other consumer dollars going over there, too. That issue has been brought to…
Read moreOttawa to Impose Taxes if U.S. doesn’t Reconsider COOL Practice
Just two weeks ago we talked about the meat controversy surrounding meat that is shipped from Canada to the United States. The U.S. wants to start once again using COOL – Country Of Origin Labeling – practices on their meat. These labels would tell consumers where their meat was raised, slaughtered, and packaged, so U.S….
Read moreBuying a Home? Make Sure Repairs are Dealt with Before Closing
Ideally, you’d walk into a home you’re considering purchasing, fall in love with it just the way it is, and buy it. No problems, no clauses or conditions to rely upon, just an easy deal with no bumps in the road. Unfortunately, that rarely happens. And if there are repairs that need to be made…
Read moreHow to Know You’re Working with a Registered Investment Adviser
This morning we ran a story about a B.C. widow who was the victim of investment fraud, after trusting the wrong “investor” with her money – lots of her money. Stories like this aren’t meant to frighten and scare, or make people wary of investing their money; but rather, they’re a warning tale about the…
Read moreThe Importance of a Good Financial Advisor
A sad case in British Columbia has shed light on why it is so important to make sure you h ave a licensed and qualified financial adviser working for you. Especially when you’re handing over hundreds of thousands of dollars to invest. Helen Dubas and her husband, an older couple, were looking to invest some…
Read moreRBC the First to Raise Mortgage Rates due to Plunging Bond Prices
There is balance in everything. When one area of the economy goes up, another part must go down. It’s economic balance, and it’s what’s caused RBC to become the first major lender to raise its mortgage rates. At the end of last week it was reported that Canada added 95,000 jobs in May, a huge…
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