Personal Finance
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Minto’s downtown Toronto developments hit high gear

Posted on 12 October 2019

Minto Communities will launch sales for two downtown Toronto condominiums this month as it focuses significant resources on a major pipeline of development projects in the city. “We’re in the business of finding opportunities,” Minto Communities division president David Robins told RENX. “As long as we think we have well-located properties that are extremely well-desig ...

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A waterfront Toronto neighbourhood you can afford

Posted on 12 October 2019

More and more of us dream of owning our own home but at the same time feel priced out of Toronto’s real estate market. As the cost of a house in the city continues to skyrocket, we feel we’ll never be able to find something we can afford—at least not without mortgaging our lives in the process. Most of us know someone who ended up buying an affordable home outside the city on ...

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Toronto home prices soar by 6.2% — and they are forecast to keep rising

Posted on 12 October 2019

Home prices in the Greater Toronto Area are continuing to surge due to greater consumer confidence and a recent decline in mortgage rates, according to a new report from Royal LePage. Across the region, Pickering saw the greatest year-over-year price appreciation, rising 6.5 per cent to $737,276, putting it slightly ahead of a 6.2 per cent gain in the City of Toronto, where th ...

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Toronto Real Estate Sales Jump Double Digits, Just Under Typical Volumes Again

Posted on 12 October 2019

A big Swiss bank recently ranked Toronto real estate the second biggest bubble in the world, but the city can’t hear them. Toronto Real Estate Board (TREB) numbers show price growth accelerating in September. The increase in growth comes after sales and inventory  returned to typical volumes. Toronto Real Estate Prices Rise Over 5% The price of a home ...

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The wealthy are fleeing Hong Kong and bypassing the U.S. to come to Canada instead

Posted on 12 October 2019

As protests in Hong Kong intensified this summer, Bernard Wolfsdorf, a Los Angeles immigration lawyer, anticipated “a new wave of immigration” to the U.S. So he travelled to China and met with regional immigration advisers. They told him not to get excited. “What I heard is, while many are leaving Hong Kong, the U.S. isn’t the number one destination,” Wolfsdorf said. “T ...

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Toronto's real estate industry needs to remain flexible as expectations shift: PwC

Posted on 12 October 2019

Toronto's real estate industry heard Friday they will need to become increasingly nimble and adaptable as tenant expectations and building possibilities evolve. Speaking at the Toronto launch of a 2020 trends report, PwC director of real estate research Andrew Warren says silos around real estate categories are blurring more than ever before. The report by PwC a ...

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From living costs to deficits: Pocketbook issues voters over 50 are watching

Posted on 12 October 2019

Money worries and affordability issues have become key themes in Canada’s federal election campaign, so BNN Bloomberg is asking voters from different demographic segments what financial concerns they hope political leaders will address. From the rising cost of living to growing deficits, here’s a look at the issues Canada’s 50-plus cohort is watching in the upcomin ...

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What the federal parties’ 2019 campaign platforms mean for your money

Posted on 12 October 2019

With the federal election fast approaching (Canadians go to the polls October 21, 2019), the Liberals, Conservatives and NDP have all made campaign promises that could directly affect your bottom line. While the Green Party of Canada, Bloc Québécois and People’s Party of Canada have also proposed some interesting personal finance measures (scroll to the bottom for highlights ...

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More than a third of Canadians have no retirement savings, half live paycheque to paycheque, poll finds

Posted on 12 October 2019

More than half of Canadians live paycheque to paycheque and more than a third have no retirement savings, boosting the pressure to work longer, according to a new poll by accounting firm BDO Canada Ltd. The survey of 2,047 Canadians found 53 per cent had little disposable income and that debt is overwhelming for a quarter of respondents. An increasing number – 57 per cent versus 53 ...

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Gas prices too high? What to know about electric cars

Posted on 13 August 2019

(NC) With gas prices continuing to climb, more families are considering making the switch to an electric vehicle (EV).  There are a variety of makes and models to choose from and lots of fueling stations popping up across the country, making these eco-friendly vehicles are now more accessible than ever.  Here are some things parenti ...