A recent survey of high net worth Canadians, those with investable assets of $500,000 or more, reveals that for this group, having a mortgage may be a considered and deliberate investment strategy. Sixty-seven per cent of those who have a mortgage indicated they have the cash available to pay for their home in-full. "The notion [...]
Making a will is a sensible and worthwhile task that everybody, whatever their age or financial status, should do. However there are some special reasons why Canadian woman should make a will of their own: • Women usually live longer than their husbands, so it's a good idea for each of you to have your [...]
Canada Pension Plan Are you one of millions who wonder how your CPP contributions are invested? This is the year to find out. On June 9, 2014, the Canada Pension Plan Investment Board (CPPIB) is inviting Canadians to join their “electronic town hall”, an interactive webcast to hear about the organization's most recent financial performance, [...]
Borrowed Down Payment At Genworth Canada, they understand that sometimes saving the required down payment for a new home can be challenging. Genworth Canada Cashback Equity/ Borrowed Down Payment mortgage insurance program helps make it possible for you to start building equity in your own home without having to save for years. Acceptable Loan [...]
It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand. Ottawa did away with Canada Mortgage and Housing Corp .-insured 100 per cent financing back in 2008. Home buyers with few [...]
Money Management The Minister of State (Finance) Kevin Sorenson and Financial Consumer Agency of Canada (FCAC) Deputy Commissioner Brigitte Goulard, kicked off Talk with Our Kids About Money Day, a financial Literacy campaign for youngsters. Talk With Our Kids About Money Day encourages parents and teachers to be involved and actively engage in conversations with kids and [...]
(NC) Look on the bright side. Annual spring cleaning doesn't have to be a chore, but rather a chance to revitalize your home. The tasks come in all shapes and sizes, and more often than not, some items are bound to be overlooked. Real top-to-bottom housecleaning can take hours, but not always. Many of the [...]
Overview Housing starts to remain stable in 2014 and 2015 2014 187,300 2015 184,900 MLS® sales to rebound in 2014 and increase slightly in 2015 2014 466,500 2015 474,700 *The outlook is subject to uncertainty. Although point forecasts are presented in this publication, CMHC also presents forecast ranges and risks where appropriate. The forecasts included in this document reflect information available as of January 22, 2014. *Multiple Listing Service® (MLS®) is a registered trademark owned by the Canadian [...]
If this is the year in which you resolved to buy your first house, you're about to enter a period in your life that is both exciting and nerve-wracking. With so many factors to consider before you sign the dotted line, the financial experts from Desjardins Group have some tips and suggestions to help get [...]
Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. #5 Flooring Flooring is one of the most important aspects of your house. You will see an [...]
