UN says Canada Not one of 10 Most Developed Countries Anymore, but it’s not so Bad
Last week the United Nation’s released their annual development index and at first glance, the news is not good for Canada. This year we’ve fallen out of the top 10 most developed countries, after holding the number one spot in the 1990s, and then nearly a decade thereafter. The report compares a countries health care,…
Read moreAnother Bank Says that Home Prices Aren’t Likely to Go Anywhere in Next Several Years
It was just last week that TD reported that Canadian home prices would remain where they are, at least for the next several years, approximately keeping pace with the rate of inflation. Now, Scotiabank chimes in to the chorus, saying they agree. And that the factors that would normally be there to support increase in…
Read moreCAAMP says 190,000 Jobs will be Lost in Next 2 Years due to Mortgage Rule Changes
Last year was the fourth time in just as many years that Finance Minister Jim Flaherty made mortgage rule changes; but it was undeniably that round that saw the most protests, especially by those in the industry. One of the arguments against the changes, made even before they officially went into effect, was that they…
Read moreU.S. Housing Market Seeing a Big Rebound
We all knew it would happen and now, the housing market in the U.S. is finally starting to get back on its feet, after five long years of an environment that can only be described as dismal and gloomy. Now though, the market south of the border isn’t only hitting expectations and predictions, but greatly…
Read moreDishing the Dirt on the Common Law Status
Divorces can be a messy thing, especially if you have a home that you need to split up. But what about if you’re common-law? Who gets what? How are things split up? And what are the conditions to be considered common-law anyway? What has to occur for a couple to be deemed “common law“? Typically,…
Read moreMore Law Suits Over Condos
Back in November we talked about how Trump Tower developers in Toronto were suing investors for backing out of the purchase of their condo units. But, a case in Vancouver involving former Prime Minister Kim Campbell, shows that lawsuits can go both ways. And sometimes, the purchasers of those condos can also sue. That was…
Read moreAre You Paying Your Taxes?
An issue has cropped up on the Canadian economic horizon, and it’s one that often goes unnoticed, or at least, isn’t talked about all that often. It’s tax evasion. And it’s costing the Canadian economy “tens of billions” in revenue. That’s a major concern, as Canada is currently in trouble when it comes to the…
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