How savers can find the best interest rates

By Les Whittington | Mon Jan 3 2011 Everyone says we should be saving more money. But what’s the point? You don’t need a calculator to figure out that, with inflation in Ontario at 3.4 per cent and banks at best offering 2 per cent interest, your nest egg could actually be shrinking. So what’s […]

Five financial habits to start in 2011

Making changes in a New Year is an old topic that is reborn every January. While some tips still hold water, there are many inspiring and positive strategies toward seeing your finances in a new way – just in time for the New Year. These habits are not only possible to implement at any income […]

Some tax breaks we are better off without

by Jonathan Chevreau, Financial Post · Wednesday, Jan. 5, 2011 A major difference between the United States and Canada is the tax deductibility of mortgage interest — Americans can, Canadians can’t. While many Canadians lament their misfortune, it may actually work in our favour since the lack of a tax break is one more incentive […]

Don Cherry TV Commercial

A third of Canadians curbing holiday spending: RBC Survey

TORONTO, November 10, 2010 — With the holiday season nearing, Canadians are planning to temper their spending with almost one-third (31 per cent) saying they will spend less on holiday expenses this year, according to a recent RBC survey. Furthermore, more than half (55 per cent) plan to keep their holiday spending flat and almost […]

Generation spend

Today’s youth are set to become bigger consumers than the boomers by Erica Alini on Monday, November 8, 2010 Jemal Countess/ Spencer Platt/Getty Images “If I want something I want it, no matter what,” says Kezia, one of the protagonists of a new Slice TV series Princess, where Til Debt Do Us Part host Gail […]

National resale housing activity improves in October

OTTAWA – November 15th, 2010 – National resale housing activity rose for the third consecutive month in October 2010, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.6 per cent in October 2010. […]

TD, RBC raise mortgage rates

By Madhavi Acharya-Tom Yew If worries about the sickly U.S. economy and Ireland’s rocky financial situation seemed remote a few days ago, they shouldn’t anymore. Those global concerns are pushing up Canadians’ borrowing costs when it comes to buying a home. TD Canada Trust and the Royal Bank of Canada said separately that they are […]

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time By STEVE LADURANTAYE Globe and Mail Amount owed by homeowners climbs 7.6 per cent in one year The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low […]

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns.

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns. Instead, they say the market can more realistically be labelled “moderately overvalued” based upon a comparison of house prices with personal income. They also note that mortgage servicing costs for “typical” homebuyers are running near the long-term norm […]

« Previous Page — Next Page »