The Controversy of the Sunshine List
As the government is trying to crack down on the amount of unaffordable debt people are taking on, and as students are crying louder than ever for lower tuition, the Ontario government has released the “Sunshine List.” The Sunshine List is a list that was brought into existence during the Mike Harris era of premiership,…
Read moreMany Think Ontario’s Efforts to Cap Tuition Hikes are Simply Not Enough
In an effort that you would think would make the Occupiers happy, the Ontario government has put a cap of 3 per cent on tuition increases. The cap will be effective for the next four years, and is down from the previous 5 per cent that the cap has sat at for the past seven…
Read moreNumber of People Intending to Buy Homes Sees Biggest Drop in 20 Years
What’s being touted by some as “disappointing,” may actually be a sign that buyers today are willing to hold out, either for lower prices, or for a time when the market seems more favourable to them. Recent results from an RBC survey show that only 15 per cent of those surveyed plan to purchase a…
Read morePay off Debt while Still Saving? Not as Impossible as You Think!
It’s the age-old dilemma: when trying to set yourself up better financially for the future, do you pay off debt first, or do you try to grow your savings? While you’ll get a different answer, and different reasons for it, from just about any expert you ask, it is possible to do both. you just have…
Read moreMoney Talks: Volume 18
There was a lot of talk about investing this week around the blogosphere, whether it was mutual funds, RESPs, or other types of investing people were talking about. Gail Vaz-Oxlade also brings up a controversial point about keeping your finances separate, or together with your spouse’s; and as always, we’ve scoured the Web and have…
Read moreLimiting of CMHC Mortgage Insurance Included in 2013 Federal Budget
People are still digesting the 2013 federal budget that Finance Minister Jim Flaherty and the Conservative government unveiled last week. And while there weren’t the drastic changes to mortgages that many thought it would include, the budget did outline that the government wants to start restricting the use of default mortgage insurance on low-ratio mortgages….
Read moreAn Example of Flaherty Doing More Harm than Good when it Comes to Mortgage Rates
It being the last day for BMO’s five-year discounted mortgage rate, we thought it would be an appropriate time to have the last word on Flaherty’s controversial stirring of the pot when it comes to mortgage rates in Canada. This time to say that, when critics said that Flaherty was only drawing more attention to…
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