To say it has been a chaotic week for your finances would be putting it lightly; a massive market sell-off has spooked investors around the world, and the repercussions for Canadians remain unclear. Will this upheaval have an impact on interest rates and home-grown debt? Read on for the full story.
4 Ways to Weather a Bear Market
If last week’s minor sell-off wasn’t bad enough, investors woke up Monday morning to some brutal numbers. Recent developments in China have investors panicking and dumping shares, leading to a bear market. Despite big losses, it’s important to stick to your strategy – here are tips for staying calm during a market downturn.
Read Barry’s Blog | 4 Ways to Weather a Bear Market
Will Mortgage Rates Rise by 2016?
The Bank of Canada has chopped central rates twice this year to accommodate a slowing economy. Could we be in for another rate decrease in September’s announcement? A recent stock sell-off, global market upheaval and the sliding price of oil all point to the possibility – but a recent report from RBC states the opposite could happen by 2016.
Read Sean’s Blog | Will Mortgage Rates Rise by 2016?
Is the Toronto Housing Market Really High Risk?
Housing prices in Toronto have been climbing out of buyers’ reach for several years, and many are concerned they’re unsustainable, earning the city a “high risk” rating from the CMHC’s recent assessment. However, not all economists agree. Here, Will Dunning, Chief Economist at CAAMP, shares his take.
Read Will’s Blog | Is the Toronto Housing Market Really High Risk?
3 Crazy Condo Incentives Designed to Make You Buy
Condo incentives are extra features tossed in by developers to reel in buyers – ranging from guaranteed rent income to new cars. Here’s a sample of the goodies up for grabs in some markets.
Read Allan’s Blog | 3 Crazy Condo Incentives Designed to Make You Buy
How to Avoid Lifestyle Inflation
Lifestyle inflation means the more you earn, the more you spend – and it’s a phenomenon that can put your homeownership, savings and retirement goals at risk.
Read Rubina’s Blog | How to Avoid Lifestyle Inflation
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