FSCO Warns about Fraudster Brokers
In any industry there are going to be people that want to take advantage. Now sadly, the same is happening with mortgage brokers, and it’s gotten so bad that FSCO has gotten involved. FSCO is the Financial Services Commission of Ontario, and they oversee the insurance and pension industries in Ontario. They’re also responsible for…
Read moreRBC Actually does Something about Jobs
It was only three months ago that the news broke about RBC firing Canadian employees and outsourcing dozens of jobs to employees overseas so they could keep a little extra cash in their pockets. After one of those fired employees went to the media to shine light on this wrongdoing, the Canadian public became enraged…
Read moreMoney Talks: Volume 26
Personal finance, financial news from around the country, and all kinds of tips for investing, mortgages, and real estate – this week the blogosphere touched on them all! Personal Finance Mother’s Day has come and gone, but that doesn’t mean that mums have stopped knowing best, especially when it comes to family money matters. Everyday…
Read moreMore Meat Controversy
There’s been a lot of talk about beef lately, and now there’s even more. Except this time it includes meat of all kinds, and this controversy could severely harm relations between the U.S. and Canada. It could also mean that our GDP is going to take a hit. That is, if we stop sending meat…
Read moreConfidence in Housing Market High in Most Areas
The housing market is cooling and things aren’t going to get any better until at least the end of this year, market analysts and experts would have you believe. But if their message is to hold off on entering the market, Canadians aren’t listening. According to the most recent Housing Confidence Report released by BMO,…
Read moreIn Bad Times, a Little Mortgage Goodwill
Here in Canada we’ve been lucky enough to stay far away from the current crisis in Moore, Oklahoma, with our televisions being as close as any of us will ever get to it. But as we watch those families pick up the pieces of their lives, and cameras span pile after pile of wood that…
Read moreCAAMP Says Tighter Rules not Necessary, Help for First-Time Buyers Is
It was a couple of weeks ago that Canada Mortgage Trends reported that the Office of Superintendent of Financial Institutions (OSFI) was considering changing mortgage rules once again by capping all mortgages in Canada, provided by a lender under their supervision, at 25-year amortizations. This caused a huge outcry, from both consumers and those in…
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