“My daughter and her husband, both in high paying professional jobs with a baby on the way are being lured with the siren of home ownership in the Vancouver area,” Jessica writes me. “I know, I know.

The main reason is the lack of technology in the TSX (6% weight in the TSX versus the S&P 500 at 31%) and its large commodity ...

A common saying in finance is that “markets take the stairs up and the elevator down”, meaning that advances are typically ...

That’s the other shoe dropping. Yesterday the first hit the floor as Ottawa desperately unveiled 30-year mortgages and a ...

Numbers released this week by CREA confirm what we can all see. House sales are languishing and buyers are balking, despite ...

In one bustling region of the GTA, 60% of all the listed houses with an accepted offer are SOP. That means ‘sale of property’ – so the offers are conditional upon the buyer being able to flog his/her ...

Today the Fed cuts itas rate for the first time in four years. Big deal. It’s the CB that runs the planet. This means the Wicked Witch of Tightening is kaput. For the next year (at least) the price of ...

“I have been following your blog for quite some time now,” says James, “and I am in a bit of a dilemma.” Fire away, reader boy. This is the blog of last resort. “I bought a town home in 2008 in the ...

Cathy works in the same ugly tower where the Vancouver Sun lives. “I know they’re hurting financially – conversations abound of cutbacks and layoffs,” she says, “downsizing space (which we happily ...

Close, but no cigar. The geniuses running the US central bank have erred on the side of caution, delaying that inevitable first interest rate hike in a decade for another month. The new D-date is now ...

In Victoria, a gorgeous 1930s classic home on a rich, leafy street listed for $1.8 million in June is now offered at $1.4 million. The seller, says his agent, “is really motivated. He just doesn’t ...