Monthly Archives: January 2016

Month: January 2016 12 Tips for Buying a Car With Bad Credit

  Your credit history plays a major role in getting approved for a car loan. Unfortunately, buying a car with bad credit is tough, even if you have the income and a stable job history. A history of late payments, high debt, bankruptcy, or repossession is a sign to the lender that you’e at risk of defaulting on your loan payments and the lender wants to avoid the expensive process of repossessing your vehicle. Bad credit doesn’t have to stand in the way of your new set of wheels, but you’ll have to shop a little differently and be prepared

View Article...

Month: January 2016 House-hunting millennials want ‘move-in ready’ homes – survey

  Millennials are entering the housing market in huge numbers. And a recent survey shows that, unlike previous generations, their main priority is finding a home that will need little or no work before they can move in. “Millennials want move-in ready,” said Consumer Reports expert Dan DiClerico. “They want to cook in that kitchen from day one and entertain in that backyard that very weekend.” RELATED STORIES Province to offer rebates for eco-friendly renovations According Consumer Alerts, the right renovations could boost a home’s value by as much 35 per cent. There are more 8 million millennials in Canada

View Article...

Month: January 2016 CMHC flags housing market risks in Toronto, Saskatoon, Regina

The federal housing agency says there is a risk of correction in Canadian housing markets in several cities, especially Toronto, Saskatoon and Regina,  because of overvaluation and overbuilding of real estate. Canada Mortgage and Housing Corporation looks at housing markets in 15 Canadian cities every quarter, in an effort to detect housing bubbles. Average Canadian house price up another 12% to $454,342 ‘Frenetic’ price growth to slow in 2016: Royal LePage Cities such as Calgary, Saskatoon, and Regina suffer from both overvaluation and overbuilding, as prices remain high and building continues in face of low oil prices. The level of

View Article...

Month: January 2016 Toronto developer defends move to not use designer named in promo materials

  A Toronto developer facing a $6.5 million lawsuit is defending its decision not to use a prominent interior designer, even though brochures about the property used the designer’s name. Freed Developments Ltd., a well-known developer in the city, said in a marketing brochure and on its website that the Six50King building, at King and Bathurst, would have Munge Leung Design Associates as part of the project’s “dream team” of designers. But Munge Leung never worked on the building, something residents didn’t learn until the summer of 2014. “When you find out the great designer was never hired it felt like

View Article...

Month: January 2016 Toronto house hunters jumping in to the market early in 2016

  Bosley Real Estate Ltd. agent David Fleming was optimistic last week that his clients had a good chance of surpassing rival bidders for a semi-detached house on Monarch Park Avenue in Toronto’s east end. To his surprise, Mr. Fleming was in a contest with 23 other contenders that night. The start of a new year typically lends a slight edge to buyers in the city’s hyper-competitive real estate market because fewer challengers are out and about. But house hunters in the Greater Toronto Area are more impatient than usual in 2016. “The big issue this year is that more

View Article...

Month: January 2016 RRSPs a blind spot for nearly a third of young Canadians – survey

  OTTAWA—Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be used for. Only half of those surveyed knew that money in an RRSP could be used to help buy their first home, while just 28 per cent knew it could be used to help further their education later in life under the lifelong learning plan. The survey also

View Article...

Month: January 2016 It’s a correction, not a collapse, is Bank of Canada’s message

  On another day, the Bank of Canada’s decision to leave a key interest rate unchanged at 0.50 per cent might have sent the dollar and markets higher. But the decision Wednesday was overwhelmed by more global angst and both went lower, though the dollar stood mostly firm in the face of overwhelmingly negative sentiment. That in itself is a good sign. The bank’s decision was a good one, because lower interest rates aren’t the answer to our problems. Lowering them again wouldn’t make much difference, but it would send a message that smells of panic. After an uninterrupted fall

View Article...

Month: January 2016 Newborns experience ‘too much pain’ during procedures, pediatrics group says

  Newborns are experiencing too much pain during routine medical procedures, the American Academy of Pediatrics is warning. In an updated policy statement released Monday, the AAP said pain from these procedures can be significant, especially in premature infants. “Research suggests that repeated exposure to pain early in life can create changes in brain development and the body’s stress response systems that can last into childhood,” the academy said in a press release. The policy statement, titled “Prevention and Management of Procedural Pain in the Neonate: An Update,” will appear in the February 2016 issue of Pediatrics. The new policy

View Article...

Month: January 2016 Thinking About Buying? Here’s The Real Cost to Own a Home

  Thinking About Buying? Here’s The Real Cost to Own a Home. Owning a home means you can blow out a wall to create a more spacious kitchen or paint your bedroom a flaming fuchsia — things that are certainly deposit-forfeiting and likely eviction-motivating offenses in rental land. Let’s say you want to buy your own place, but you want to know if it’s really a good idea for you right now. When the buy-vs.-rent issue comes up, consider the basics first and then drill down.Adding up the Costs of HomeownershipThe basics begin with your monthly payment. To make it an

View Article...

Month: January 2016 Mortgage Tips – Do You Lose Home Equity During Refinancing?

  The real estate business can go from simple to complex for one homeowner in just a matter of years. It all starts with a decision to buy a home, then it goes to the mortgage process, and it ultimately lands either in owning the home, or in refinancing. If you are one of the people who ended up deciding to go for a refinancing, this post is for you, especially when you are wondering what happens to your home equity during the refinancing process. As you may have realized, one of the major questions some homeowners end up asking

View Article...