Blog by DOINA BIOLAN B.Comm

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"Next parental responsability"

January 24th, 2015
Is helping children buy their first home becoming ‘the next parental responsibility’? It’s the type of family support that some people will be proud to give and others will be jealous they never got, but a new survey shows first-time home buyers are getting on average more than $10,000 from family members. Why the price of your home may not be climbing as much as you think The average ...
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Posted in General

Condo stats

January 21st, 2015
Condos make up more than half of housing starts in Canada’s biggest cities: CMHC OTTAWA — Condominiums accounted for more than one-third of all Canadian housing starts last year, and more than half of the total in several of the country’s biggest cities, the Canada Mortgage and Housing Corp. says. The federal agency says condominium apartment starts represented less than one in five Canadian ...
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Posted in Real estate

Planned High Rise is East Side, Calgary

January 21st, 2015
  Planned highrise will bring 221 rental units to East Village   A 28-storey, 221-unit residential rental highrise is being planned for Calgary’s East Village — part of new development plans announced Tuesday by Calgary Municipal Land Corporation, which oversees the neighbourhood project. CMLC said it has sold a piece of land at the southeast corner of 7th Avenue and 5th Street S.E. to Cide ...
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Posted in Real estate

Canadian oil prices impact on our economy

January 19th, 2015
With all the bad news on the radio about the economy and the effect of low oil prices I wanted to share a opinion written by Benjamin Tal.  http://research.cibcwm.com/interdept/download/wmi-0116.pdf I think this is a very good representation of what is happening... don't panic! Thank You,
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Posted in Investments

ARE YOU SAVING ENOUGH FOR RETIREMENT?

January 17th, 2015
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 ...
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Posted in Investments

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 ...
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Posted in Mortgages

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 ...
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Posted in Real estate

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 ...
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Posted in Real estate

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 ...
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Posted in Investments

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 ...
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Posted in Investments

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