Blog by DOINA BIOLAN B.Comm

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FLIPPING CONDOS?

April 22nd, 2013
Get ready condo flippers, Canada Revenue Agency is hunting you Garry Marr | 13/04/20 | Last Updated: 13/04/20 11:09 PM ET More from Garry Marr | @DustyWallet http://business.financialpost.com/2013/04/20/get-ready-to-pay-income-tax-on-your-condo-profit/ Editor’s Note: This story has been altered to correct the identity of Robert Kepes, a Toronto tax lawyer at Morris Kepes Winters wh ...

SUNNY DAY IN CALGARY

April 19th, 2013
A gorgeous day in Calgary and the prospect of a short trip out west is making me smile again, in spite of a long work week. I can wait to see friends i haven't seen in more than a year and check out a few contemporary restaurants. However, i have a very hard time deciding what present should i get for my friend.. Something more personal or just a present for her home? Hmm.. maybe I will know ...

CALGARY LUXURY HOMES MARKET

April 19th, 2013
CALGARY — Calgary is one of Canada’s most robust markets for luxury homes and the baseline entry point for a luxury single-family home is $2 million, which is in line with that of Toronto, says a report by Sotheby’s International Realty Canada. The Top Tier Trends Report: A Comparative Survey of Canada’s Luxury Real Estate Market said the features and amenities in Calgary reflect ...

House prices up 2%

April 17th, 2013
New house prices advance 0.2 per cent in February  OTTAWA — The Canadian Press                        Published Thursday, Apr. 11 2013, 9:01 AM EDT Statistics Canada says its new housing price index rose 0.2 per cent in February, following a 0.1-per-cent increase in January. The agency says Calgary was the top contributor to the advance, up 1 per cent from January – the biggest ...

Bank of Canada cuts growth forecast, warns again of higher rates

April 17th, 2013
OTTAWA (Reuters) - The Bank of Canada on Wednesday chopped its economic growth forecast for the country and left interest rates unchanged but still insisted the next move in interest rates would likely be a hike. In the last Monetary Policy Report before Governor Mark Carney leaves for the Bank of England, the Bank of Canada sharply downgraded growth expectations for the first and ...

FIX YOUR CREDIT BEFORE BUYING

April 9th, 2013
Credit key when house hunting Make sure your score is in order before you set out to find a new home The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise.  The comfort zone is between 1.90 and 2.10   Winter can seem like an eterni ...

DANCING WITH THE STARS

April 9th, 2013
As it stands right now, Zendaya is my favorite star from" Dancing with the stars". But the performance that Derek Hough had today with the blind 17 year old Braelyn was breathtaking. So much determination, beauty, soul...so much light in her movements..is was like angels were telling her how to move. I had tears in my eyes and i bet that many others were touched too. And to top this episode, ...

TOP CANADIAN BANKS

April 1st, 2013
Top banks too big to fail: watchdog By: Julian Beltrame OTTAWA -- The federal financial supervisor has slapped a too-big-to-fail label on Canada's six largest banks, declaring they will need to carry a bigger capital buffer and be subjected to stricter supervision than their smaller peers. The Office of the Superintendent of Financial Institutions-OSFI- said Tuesday the "systemically i ...

BOND RATES MARCH 13 2013

March 13th, 2013
TSX  +20.09 to 12878.58 The Toronto stock market registered a modest gain Tuesday afternoon as energy and mining stocks ran ahead on higher prices for oil and metals DOW +2.77 to 14450.06 U.S. stocks were lower in choppy trading Tuesday, though the Dow inched its way up to its seventh record high. Dollar +0.07 to 97.33 Oil +0.80 to 92.77 Gold +4.9 ...

BUYERS CHOOSING LONG TERM CAR FINANCE AND LEASE CONTRACTS

March 13th, 2013
Canadian car buyers choosing long term financing and leases JEREMY CATO Special to The Globe and Mail http://www.theglobeandmail.com/globe-drive/driving-it-home/canadian-car-buyers-choosing-long-term-financing-and-leases/article9673099/ Canadians have become much pickier about acquiring a new car or light truck, and one reason is surely the slowing economy. New vehicle sales in C ...
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