It’s been another banner year for real estate in the Greater Toronto Area. The average price for all property types sold in the GTA came in at $729,922 in 2016 – that’s an increase of 17.3 per cent from 2015.
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Year after year, debt repayment is listed as the number one financial priority for Canadians heading into the new year. According to a new CIBC poll, 28 per cent of survey takers said paying down debt is their top financial goal in 2017.
It’s been a month since the first of the new federal mortgage rules came into effect. Now, RBC has become the second of the five big banks to raise mortgage rates – effective Thursday. How else have these new rules impacted our purchasing power?
It’s been one year since MoneyWise writer Sean Cooper reached his goal of being mortgage-free by the age of 30. How did he do it? Read on for his secrets and what he would do differently next time.
We love to bank online – whether through our smartphones or laptops – but we aren’t using these services to our full potential. Read on for thoughts from Amber Mac, tech expert, who says the online banking revolution is only just beginning.
It’s another step towards a cashless society: The UGO Mobile Wallet. We have a look at its features and how its users can reap the benefits.
Have home sales peaked? The Canadian Real Estate Association seems to think so. But despite limited numbers of homes available for purchase in the country’s two hottest real estate markets, Canadians can expect to see steady gains in price of homes and demand in most markets over the coming months.
We’ve heard about Uber, Car2Go and Airbnb and how each service is changing its respective industry. Now there’s something that banks need to watch out for: fintech. Short for financial technology, it could literally give banks a run for their money.
Are you depriving yourself today to save for the future? You’re not alone. A recent Investors Group survey found that many Canadians are anxious about money in retirement. The reality is that Canadians are living longer than ever before. With some people living 30 years or more in retirement, this phase of life could last …
The real estate market is a daunting place to be for the first time, especially in big cities. Skyrocketing home prices and bidding wars make the dream of homeownership seem out of reach for some first-timers – mostly millennials. So, what’s still motivating property virgins to take the home-owning plunge?