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CMHC Calls for Surtax on $1M+

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Calgary housing complex begins

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Monthly Archives: February 2021

Canada housing starts trend upward in January

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Housing starts across Canada trended upward last month, according to recent figures from the Canada Mortgage and Housing Corporation (CMHC). According to CMHC data, the standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada was 282,428 units in January 2021, an increase of 23.1% from December 2020. Read more: National [&hellip…

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Warren Buffett: Refinance Your Mortgage Now

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Warren Buffett doesn’t give stock tips, but he’s given plenty of “general” financial advice over the years. Recommending that people avoid credit cards, save money, and invest in index funds, the “Oracle of Omaha” has shared plenty of money ideas with the world. Today, he has a clear recommendation: borrow while interest rates are low. [&hellip…

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Millennial homebuyers bearing the brunt of income inequality in Canada

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Born into greater income inequality than previous generations, millennial home buyers continue to struggle against enormous fiscal pressures, Statistics Canada suggested in a recent study which found that the top 1% of income earners’ share of national income swelled from 8.9% in 1980 to 13.6% in 2010. The earning differences between millennials and other buyer cohorts are [&hellip…

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