Provinces, municipalities key to avoiding housing bubble

Zoning, building codes and construction trade regulations all fall under the jurisdiction of these governments

Provinces, municipalities key to avoiding housing bubbleRecently, the Bank of Canada voiced concerns about the Canadian economy, leading it to slash outlooks on future trends. One of the issues contributing to this pessimistic stance is the condition of housing markets in Canada. Housing construction activity and prices are falling after a long period of price increases that fuelled claims of a…

Navigating the cannabis cultivation question when buying real estate

Ryan DeLuca of the Calgary Real Estate Board talks about what a buyer can ask and what a seller must disclose about pot

Navigating the cannabis cultivation question when buying real estateRyan DeLuca is supervisor of training and compliance, member practice, with the Calgary Real Estate Board. What are the biggest potential impacts to the residential housing market of the legalization of cannabis? DeLuca: For some buyers, cannabis cultivation in a property may affect their ability to secure financing or homeowner’s insurance on that property. Some…

Charitable giving as a share of income plunges in Canada

Who would have thought the Grinch was Canadian? Of the 15 least-generous jurisdictions in North America, 12 are in Canada

Charitable giving as a share of income plunges in CanadaThe amount of money Canadians donate to registered charities – as a share of their income – has plummeted 32.2 per cent since 2006, according to a new report released Thursday by the Fraser Institute, a public policy think-tank. “Canadians continue to donate less and less every year, which means charities face greater challenges to…

Enjoy a glittering Christmas that stays within your budget

Whether tough times force your hand or you just want to start January without a credit card bill, you can still enjoy a glittering, happy holiday season

Enjoy a glittering Christmas that stays within your budgetWhat if I told you that ‘cutting corners’ can transform Christmas from a hectic, stressful money drain into a joyous, energizing experience? I understand if you are skeptical, but let me show you how it is possible to save money at the same time you enjoy a sumptuous, all the trimmings holiday season. The secret…

Housing collapse in Canada unlikely

Significant differences between Canada today and the 2008-2009 U.S. housing market crash: CPA Canada report

Housing collapse in Canada unlikelyThe biggest risk to Canada’s housing market has always been its most obvious risk: a high household debt-to-income ratio. A report released on Monday by CPA Canada (Chartered Professional Accountants Canada) cited a recent Bank of Canada study estimating that the total household debt-to-income ratio exceeds a record 170 per cent. But it also says…

Increasing consumer debt and rising interest rates worrisome

Rising rates will lead to less consumer spending and impact Canada’s economy and business growth

Increasing consumer debt and rising interest rates worrisomeRising interest rates combined with near record high consumer debt levels are expected to increase the number of Canadian consumers who will be forced into insolvency over the next year, warns the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). The association says historically there has been about a two-year lag between the time interest…

CRTC wants to tax Internet users to subsidize content creators

What does and doesn’t stream over the Internet is none of the CRTC’s business

CRTC wants to tax Internet users to subsidize content creatorsSometime in the not too distant future, everyone who subscribes to the Internet should have to pay more to ensure more secure jobs and incomes for Canadian content creators whose lives have been disrupted by the Internet. That’s the pitch being made by Canada’s telecom and broadcast regulator to the federal government as it looks…

A will gives you control of your affairs after your death

Sandy Lyons of Grant Thornton Ltd. explains that, when you die without a will, any prior verbal wishes to family and next of kin can be set aside

A will gives you control of your affairs after your deathSandy Lyons is a licensed insolvency trustee with Grant Thornton Ltd.’s consumer insolvency team in Calgary. Why do so many people not have a will? Lyons: It can be a matter of cost, not wanting to look at and plan for end of life, a lack of understanding and knowledge of what steps must be completed…

Lack of financial literacy skills hurting Canadians

MNP survey says without necessary skills, Canadians are easily lured into debt

Lack of financial literacy skills hurting CanadiansA lack of skills and education are contributing to surging consumer debt in Canada, says a new survey by MNP Ltd. Survey results, which were released on Tuesday, said 85 per cent of Canadians agree that financial literacy in Canada is lacking, and this lack of knowledge is contributing to Canada’s consumer debt problem (87…

Calgary summit to focus on aligning wealth with social change

Nov. 16 event to bring together leading experts on a variety of issues around impact investing

Calgary summit to focus on aligning wealth with social changeThe time is ripe for aligning wealth with social change, according to the upcoming fourth annual Capital for Cause Impact Investing summit in Calgary on Nov. 16. Organizers of the event say the summit brings together leading experts on a variety of issues around impact investing. The purpose is to provide relevant and accurate information…
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