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- Rent or buy? Crunching the numbers is key
CALGARY - My landlord's email twisted my stomach into knots.
- Home affordability largely stable, says RBC
OTTAWA - A new analysis from the Royal Bank (TX:RY) finds home ownership in Canada remains largely affordable, even if there are signs of mild financial stress among indebted families.
Mortgage group says housing starts to plungeOTTAWA - Canada's housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report.
Housing plans point to continued confidenceTORONTO - A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.
Households with no wealth usually middle agedMONTREAL - Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.
- Women face unique financial challenges
(Special) - Canadian women undoubtedly are gaining more financial power and control than ever, but in spite of this they still face a unique set of financial challenges based on life expectancy, earning power, marital status, health care needs and estate planning.
- Experts urge caution when buying used cars
TORONTO - July Ono had been buying used cars online for years without problems.
Consumers bitten by higher food costs: RBCTORONTO - A recent survey of Canadian adult consumers found a large majority of them believe the price of the food they buy has gone up in the past year and more than half said they are doing more comparison shopping than before.
Home sales down 3 per cent from year agoCanadian home prices continued to rise in April even as year-over-year sales fell three per cent, according to the latest industry data that has left economists divided over whether the market can count on a soft landing.
To incoming BoC governor: Raise ratesOTTAWA - Incoming Bank of Canada governor Stephen Poloz is already getting advice on what to do once he takes charge next month — start hiking interest rates.
- OSFI looking at low-risk, uninsured mortgages
OTTAWA - Canadian Mortgage Trends.com says it has been notified that the national banking regulator is looking at a possible further tightening of mortgage rules — this time for those with low risk mortgages that don't require government-backed insurance.
Canada's housing market healthy, Flaherty saysOTTAWA - Finance Minister Jim Flaherty is dismissing fears about Canada's housing market, saying the current slowdown is welcome news and that there is no need for further government intervention.
- Competition Bureau to appeal decision
OTTAWA - The Competition Bureau will appeal a Competition Tribunal decision to dismiss a complaint against the Toronto Real Estate Board over rules that restrict how member agents provide information to customers.
- Investing lessons from the golf links
(Special) - The golf season now is in full swing in Canada. I've heard and read many things about the difficulties, joys and frustrations of the game - experiencing most of them personally - but I'd never seen a comparison between the golf and investing, until recently.
No recovery for young Canadian workersOTTAWA - Whether jobs are created or lost on any given month, the one constant in Canada's post-recession employment record has been that for young people, the news has always bad.
- New home prices rose in March: StatsCan
OTTAWA - Statistics Canada says its price index for new houses rose 0.1 per cent in March, after a 0.2 per cent increase in February.
- Pace of housing starts slowed in April
OTTAWA - Canada's once-sizzling housing market continues to fall back to more sustainable levels, but as yet is managing to avoid the earmarks of a damaging crash that would spill over into the general economy.
- Boomers stretching finances to help children
OTTAWA - Along with reduced pensions, low returns on their savings and high debt, Canada's boomer generation is facing an additional burden as they ease into their retirement years — their "boomerang kids."
- Outlook for equities is good
(Special) - Low or negative returns on bonds and positive signs of economic growth in major economies such as the U.S., China and Europe all point to good returns for equities over the next few years, Bank of Montreal investment executives say.
- GTA realtors report 2% dip in April sales
TORONTO - Home sales dipped two per cent in the Greater Toronto Area in April, but selling prices were also up, according to the latest report from the Toronto Real Estate Board.
- Late tax filers put benefits at risk
MONTREAL - Canada's annual last-minute tax filing panic has ended.
Vancouver home sales, prices fall in AprilVANCOUVER - Home sales in one of Canada's most expensive cities posted their worst April in more than a decade, according to the Real Estate Board of Greater Vancouver.
- Aeroplan signs points deal with Teleflora
MONTREAL - Aeroplan (TSX:AIM) said Wednesday it has signed an agreement that will allow its members to earn miles with flower delivery service Teleflora.
- Seniors, working Canadians get tax breaks
(Special) -- It's a demographic fact that Canada's population is getting older.
BMO to open tiny branches in Canada, U.S.MONTREAL - The Bank of Montreal will open tiny branches with a handful of employees giving "face-to-face" information on topics such as mortgages with most customers now banking online.
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