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Renting is a trash can fire for personal finances, but it's also the hottest trend in housing

Renting is a trash can fire for personal finances, but it’s also the hottest trend in housing

Renting has become a leading trend in housing. According to RBC, the number of renters has increased three times more than the number of owners over the past 10 years, a period when the average resale price of homes has jumped 90%.COLE BURSTON/The Canadian Press For a country that reveres home ownership, we have a …

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A reality check - for better and for worse - on how homes perform as an investment

A reality check – for better and for worse – on how homes perform as an investment

Fred Lum/The Globe and Mail If houses are investments, they are subject to the rigorous calculation of investment losses. However much an asset’s price drops, it must rise by a higher percentage just to get back to where it started. The national average resale home price peaked at $816,720 in February and has since fallen …

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Yes, banks take advantage of borrowers who are pressured by higher rates.  But there's more to the story

Yes, banks take advantage of borrowers who are pressured by higher rates. But there’s more to the story

December 7 will be a good day for Canadian banking. The Bank of Canada has the opportunity to adjust its overnight rate on that day, and an increase of 0.25 to 0.5 percentage points is widely expected. Like flipping a switch, banks would replicate this increase in their prime rate and, in turn, variable rate …

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Hush!  The UK's 'secret' property market is almost worth...

Hush! The UK’s ‘secret’ property market is almost worth…

Britain’s secretive property market saw almost £30.9 billion in property transactions last year, the highest annual market value for more than 10 years. That’s according to the latest research from Alliance Fund, which looked at the number of properties sold off-market across Britain over the past year. He also analyzed the market value …

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Do you have a safety net?  The coming recession could be the most unfair of all time

Do you have a safety net? The coming recession could be the most unfair of all time

Gasoline prices above US$7.00 a gallon are displayed at a Shell gas station October 3 in San Francisco, California.Justin Sullivan/Getty Images The next chapter in financial inequality will be the divide between those who can afford to prepare their household finances for the coming recession and those who cannot. Maintaining a cash reserve protects you …

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