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Economist says it’s 1980s all over again in the Toronto market. Remember how that ended? Garry Marr | Financial Post | February 15, 2017 Bank of Montreal economist Doug Porter says Toronto is the midst of a housing bubble, comparing the market to “frothy” levels not seen since the 1980s. “There’s nothing tentative about the red-hot housing market in Toronto and

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Toronto’s runaway housing market heading for paralysis, economists warn Carolyn Ireland The Globe and Mail, Feb. 23, 2017 Toronto’s real estate market is heading toward a state of paralysis, says Chris Kapches, president and chief executive officer of Chestnut Park Real Estate Ltd. Mr. Kapches says the shortage of listings prompted house hunters to head out in force in January.

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‘Trump risk’ hangs over Canadian real estate market Carolyn Ireland The Globe and Mail, Feb. 02, 2017 What is the “Trump risk” to Canada’s economy and the lofty real estate markets in many big Canadian cities? Royce Mendes, senior economist at Canadian Imperial Bank of Commerce, is one of many Bay Street players grappling with the question. Mr. Mendes recalls

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Live like a Minimalist: start by decluttering your finances Chantel Chapman, Special to Financial Post | February 10, 2017 More and more people are attempting to live a simpler, minimalist lifestyle. Whether they were inspired by The Minimalists Documentary on Netflix, Marie Kondo’s The Life-changing Magic of Tidying up, or simply noticed their own spending habits were getting out-of-control— the shift

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7 things you shouldn’t tell your kids about money Tanza Loudenback Business InsiderFebruary 2, 2017   (Some money topics are worth keeping kids blissfully ignorant about.frankieleon/Flickr) Most kids are, understandably, clueless about money. But since our attitudes, behaviors, and general knowledge about money come directly from our parents, the responsibility for teaching naturally falls on mom’s and dad’s shoulders. In

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Building wealth through home ownership Special to Financial Post | January 26, 2017 | Last Updated: Jan 30 10:52 AM ET   With the changes in mortgage lending rules coming into effect across the country, the state of the Canadian housing market is on the minds of many first-time home buyers and current owners alike. While the new rules will undoubtedly

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Looking for your best mortgage rate? Here’s 20 questions to ask Robert McLister Special to The Globe and Mail, Feb. 02, 2017 “What’s your best mortgage rate?” was once a fairly straightforward question. These days, it’s impossible to respond intelligently to it without asking a litany of other questions. That’s true today more than ever thanks to recent federal rule

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Bank of mom and dad’ has growing hand in real estate market thanks to first-time buyers: report Garry Marr | January 11, 2017 A new survey released Tuesday found first-time buyers are getting help from “the bank of mom and dad” — a theme the head of one of Canada’s largest real estate companies says he continues to hear in the

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Why mortgage before March 17? If you’re in the market for an insured mortgage, then you might want to get that mortgage before March 17. Canada Mortgage and Housing Corporation (CMHC) is raising premiums for insuring mortgages on Canadian homes for the third time in three years. Canadian homebuyers are required to have mortgage insurance if they have less than

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How to survive the holidays with your good credit rating still intact By Diahann Lassus | CNBC It’s that time of year when people make various lists — which is great. What isn’t so great is all the additions we make to those lists over the few weeks leading up to the holidays. Those exceptions can really take a toll

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