Staples 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…
Read moreWhat are First-Time Buyers Spending?
Bank of Montreal recently conducted a survey among first-time home buyers in Canada, asking them what price ranges they’re looking at, how much of a down payment they’re expecting to make, and how long they think they’ll have their mortgage. The results may sound encouraging, but are first time buyers kidding themselves in some areas?…
Read moreForget about Mortgage Rules! What about Unsecured Debt?
Lord knows the government has done enough interfering with the mortgage rules. Yes, many of them have been necessary and intended to save us from ourselves, but one has to wonder if the government’s efforts are completely right on target. No, our debt situation is not good. Yes, something should be done about it. But…
Read moreBuying or Selling Real Estate? The Process may have just Gotten Faster!
There’s good news for many people that are buying or selling a home right now: the Canadian Real Estate Association (CREA) has just partnered with DocuSign to provide Realtors with faster, easier, paperless transactions! But how does this help you? DocuSign is software that allows Realtors and their clients to sign and send documents through…
Read moreMost Canadians think they won’t be Mortgage-Free Until Age 57
It seems as though we can certainly forget about Freedom 55. For now anyways. According to a recent survey conducted by CIBC, the average Canadian homeowner believes that they won’t pay off their mortgage entirely until they are the age 57.That’s well before retirement for most people, but it’s also two years later than what…
Read moreFinance Minister gets some Support for Fla-Rate Drama
When Finance Minister Jim Flaherty got directly involved in the banks and their mortgage rates last month, Canadians were very critical of the move. We may have even made a few comments about it on this blog. But with all the heat he’s taken, TD CEO has now stepped up to the Finance Minister’s defense….
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