Blog by DOINA BIOLAN B.Comm

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CANADIANS TOP PRIORITY IN 2015

January 15th, 2015
  CANADIANS' TOP FINANCIAL PRIORITY IN 2015   According to a recent survey conducted by CIBC, 22% of Canadians consider paying down debt to be their top financial priority in 2015. (Source: The Globe and Mail.) As credit card interest rates climb and debt becomes more of a concern, it can be difficult for Canadian homeowners to pay down multiple lines of credit and loans. Also, some of us ...

HOUSE PRICES FORECAST

January 14th, 2015
CREB® forecasts price stability amid easing demand Housing sales are forecasted to ease by four per cent this year, due to market uncertainty and changes in economic climate, while prices are expected to remain relatively stable with a modest increase of 1.58 per cent on an annual basis, CREB® said today in its annual forecast. Although sales leve ...

Homes sales decline

January 12th, 2015
Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 2014 It was a record setting year for Calgary’s condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December. Single family sales totaled 708 units in December, a year-over ...

2014-2015 RRSP season tips

January 10th, 2015
Quick reference: 2014–2015 RRSP season The RRSP contribution limit for the 2014 fiscal year is $24,270. The TFSA contribution limit, which has been indexed to inflation since 2013, is now $5,500. If you don’t currently have a TFSA can contribute up to $36,500 as of January 1, 2015. Learn more about our TFSA-eligible products. If you turned 71 this year you  have until December 31, 2014 ...

CANADIANS JUST DON'T UNDERSTAND TFSA'S

January 10th, 2015
Canadians just don’t understand TFSAs By Gail Johnson The Canadian Press - A Piggy Bank with a $20 bill and the letters TFSA is shown in Montreal, Monday, December 16, 2013. THE CANADIAN PRESS IMAGES/Graham …more  Hughes  less  Tax-free savings accounts (TFSA) may be increasingly popular, but they also have a lot of Canadians scratching their heads. Forty-eight per cent of Canad ...

2015 ECONOMY- BUYING A HOME OR NOT?

January 7th, 2015
Economy in 2015 good for buying a home The outlook for the Canadian economy in 2015 in general is looking rosy. As you know, we are, for the most part, influenced by the U.S. economy. Economic recovery in the US is growing at the consumer level and demand for goods will pull many other countries along with it, including Canada. Since important sectors of the Canadian economy are co ...

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