Blog by DOINA BIOLAN B.Comm
Housing market downturn has ripple effect in Calgary economy
The ripple effect of a slumping real estate industry, combined with plunging oil prices, is already starting to be felt by businesses throughout Calgary.
“We’ve definitely seen an impact,” said Dell Lloyd, owner of Omega 2000 Cribbing Inc., in Calgary, which does foundation work for several large home builders. “I’m guessing t ...
Why you should care about the banks’ posted rates on mortgages
There are not too many Canadians who get tricked into accepting the posted rate on a mortgage anymore but that doesn’t mean no one should care when the banks drop their published rates.
About a week ago, Bank of Nova Scotia lowered its posted rate on a five-year fixed rate mortgage to 4.49% from 4.79%, which doesn’t sound li ...
Is Canada Headed For Another Recession? Eight Troubling Signs
A string of dire economic news since the beginning of 2015 has many observers worried about whether Canada could be on the brink of another downturn, but economists say it’s too soon to mention the “R-word.”
One month in, layoffs seem to be the dominant theme — the second-largest in Canadian history at Target and many more ...
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Tax-free savings account( or , as I call it, the smart investment account)
With a tax-free savings account (TFSA) the options are endless. In 2009, the Canadian Government introduced the opportunity to save more and faster regardless of what your needs may be. Whether saving for a house, car, further education, a vacation or additional retirement savings, one account allows your individual g ...
Low rates seen fuelling Toronto’s surging housing market as Alberta markets stal
The average price of a home sold in Toronto in January climbed 4.9% to $552,575, according to the Toronto Real Estate Board which predicts more increases in 2015 amid near record-low interest rates
Sales in Canada’s largest city also remained strong and climbed 6.1% last month from a year earlier.
With the ...
Are you saving enough for RETIREMENT?
If it is much easier to save before you have major financial commitments, why do so many young Canadians have difficulty setting aside money for the long-term future?
HIGH TEMPTATIONS- People are far too impulsive! The lost opportunity of savings is greatest for young Canadians, money set aside at an early age has longer to grow. A comfortable retireme ...