Canadian Real Estate Continues to Soar – StatsCan Report

June 22, 2016 Jelani Smith 0

According to the recent StatsCan report, spending on new residential construction totalled $4.2 billion in April 2016, up 8.4% form the same month a year earlier. The increase was influenced by the higher investment in apartment and apartment-condominium buildings, which has risen 20.8%, to $1.5 billion. There was also higher spending on row houses (more commonly known as townhouses, or […]

How do RRSPs Work?

June 21, 2016 Jelani Smith 0

RRSPs – also known as Registered Retirement Savings Plans are a useful tool to help all generations, from millennials to baby boomers, save for retirement. RRSPs are also useful for other purposes, such as saving up for a down payment on your first home, or saving up for university/college tuition. RRSPs – How Does It Work? The amount that can […]

Can Justin Trudeau Cool Down the Hot Toronto Real Estate Market?

June 20, 2016 Jelani Smith 0

The Toronto Real Estate market have always been hot, with 22 years of consecutive price growth. Recently, the number of condos sold in Toronto have outpaced Manhattan, according to Michael Kalles, president of Harvey Kalles Real Estate LTD., Brokerage. According to the Toronto Real Estate Board (TREB), the average detached home in the city of Toronto is a little over $1.2 […]

Millennial Savings Guide

June 12, 2016 Jelani Smith 0

Personal financial management is part of this whole “adulting” thing. Some people find it fun, while others find it boring. Regardless of your stance on Personal Financial Management, its always important to continuously monitor your finances. Losing track of your finances can lead to undesirable consequences, such as maxed out credit cards, or not having enough money to pay your […]

MBA vs CFA: The Finance Professional’s Dilemma

June 8, 2016 Umang Bengali 0

The Masters of Business Administration (MBA) vs. the Chartered Financial Analyst (CFA) has been one of the most talked about choices for individuals in the financial industry. While both of them are intense study programs in their own sense, one involves more commitment to learning all areas of management while the other one is more finance or might I add, […]

Fixed Rate Mortgage: The $17,000 Surprise

May 11, 2016 Benjamin Sammut 0

My father always told me there are two certainties in life – death and taxes. And while I optimistically believe this, I’d like to add a third – the banks will always make their money. In this instance, I’m talking about penalties for breaking a mortgage. When it comes to mortgage planning, penalties play a huge role and you can […]

Let me tax your DEAD BODY!

April 17, 2016 Hamza Hasnain 0

 There Are Two Certainties in Life – Death and Taxes Canadian gain from free healthcare and generously subsidized education services. The U.S. does not get offered those be, clearly Canadians are paying more tax to finance these profound benefits. This is a common belief between many Canadians. The heterogeneity of family statuses as well as the intricacies of the tax structures […]

Millennial Frugality to Financial Freedom

April 13, 2016 Mariam Walaa 0

There are two types of people in this world: clueless consumers and sparing savers. In the wake of the global financial crisis, however, many lifestyles took a drastic turning point in terms of personal finance. The desire to run into the arms of frugality came naturally for individuals as they dumped their precious investments and gave up major living necessities. […]