BMO Survey about what Buyer’s are Spending not Realistic, says Brokers
When we brought BMO’s first-time home buyers survey to you last week, we asked you at the time if you thought it was realistic. The survey painted a picture of the average first time buyer in Canada: aged 29, looking for a $300,000 home, and coming to the deal with a $48,000 down payment. But…
Read moreScotiabank, and Mortgage Brokers, Speak Out Against Flaherty
Just when we thought that the Fla-rate drama was over. We don’t need to remind you about when Flaherty meddled in the mortgage rate business by calling Manulife and telling them to lower their rates. (And if we do need to remind you, please follow the above link. The entire thing is really just exhausting.)…
Read moreRBC Apologizes
It took them awhile to do some damage control. And in fact, at first it seemed as though nothing would be done at all, unless the government intervened as they said they would. But, after a long week of heated debate and downright outrage on the part of the Canadian public, RBC has issued an…
Read moreBrokers Once Again Seize Golden Opportunities
Remember when there was an outcry in Canada just a couple of weeks ago when Finance Minister Jim Flaherty meddled in Manulife’s mortgage matters? And remember when we told you about the mortgage brokerage that took that gaffe and ran with it, running an ad declaring that while the Minister might not want the consumer…
Read moreMoney Talks: Volume 20
There was some personal finance talk this week; our personal favourite is Boomer’s post that ties your personal budget in with your home insurance. Savings takes up most of our talk, but there’s some interesting mortgage talk mixed in there too, with some especially good advice from CanEquity about how to prepare your credit before…
Read moreStaples the Next Store to Close Many of Its Doors
First there was HP and Zellers, then Best Buy and SportMart. And now, Staples is the latest big box store to announce that they’re closing stores; 39 of the nearly 330 stores it currently has in Canada. What’s the reason for the trend? Former employees and CEO heads of these companies can blame the Internet,…
Read moreWho’s to Blame for Higher Eco Fees?
Higher eco fees, effective across Ontario next month, were quietly announced on an industry-leader’s website; but it didn’t take long for provincial political leaders to pounce on them, saying that they’re just yet another tax grab by the Liberal party. Of course no one wants higher eco fees; but who’s to blame for them when there’s…
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