Mortgage Restrictions, not Affordability, is Hurting Vancouver According to Some Brokers
Forget about million-dollar homes and sellers that will cling to their properties until they can get the highest price for them. The problem in Vancouver isn’t the high prices that are popping up all over the country; it’s mortgage restrictions that are limiting home buyers’ options, says one broker. “If they are looking at a…
Read moreCommercial Lenders Starting to Worry about Canadian Real Estate Landscape
Well we’ve been brooding about the residential real estate market in Canada for some time now, so it makes sense that it was only a matter of time before that bled over into the commercial market. That time is now here, and according to a survey by The Real Property Association and FPL Advisory Group,…
Read moreMoney Talks: Volume 27
Personal Finance Everyday Money always loves looking at the differences between men and women. This week they look at how the two continue to misunderstand each other at work. Typically the only advice you get when claiming business expenses is which ones you can and can’t. This week the Canadian Finance Blog looks at types of…
Read moreWill Criminal Charges be Laid in Senate Expense Scandal?
It didn’t stop with Mike Duffy, and it didn’t stop after Nigel Wright resigned from his position. And, it looks as though the scandal surrounding Senate expenses isn’t going to stop yet either. Not until people start getting their answers, and maybe even charges are laid. Former RCMP Superintendent, Garry Clement, says that he wouldn’t…
Read moreJulie Dickson thinks it will be “Painful” when Interest Rates Rise
Julie Dickson may have plans for resigning from OSFI next year but she’s definitely not going to be content just sitting quietly in the meanwhile. During the Bloomberg Canada Economic Summit in Toronto on Tuesday, she spoke of the concern she has for Canadian banks, businesses currently depending on cheap credit, and households that will…
Read moreMark Carney Likely to not Make Waves with Last Interest Rate Move
If you were to look on the Bank of Canada’s calendar, you’d probably see that today is the day for the interest rate announcement, and when we’ll hear whether or not the prime rate is going to see any increase at all. But Canadians who are aware of this weekend’s upcoming date – June 1…
Read moreHow Much Paid Vacation do You Receive?
We love surveys! This morning we brought you the results from one showing how many Canadians are living paycheque to paycheque, and now we have another, indicating how much paid vacation time Canadians get, on average, each year. But don’t get too excited. Canada ranks third-worst on the list, being beaten out only by Japan…
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