Real Estate Becoming More Affordable

Real Estate Becoming More AffordableOwning your own home became slightly more affordable in the third quarter of 2011 thanks to continuing low interest rates, according to RBC’s latest study on housing affordability. The affordability measure captures the proportion of pre-tax household income that would be needed to service the costs of owning a certain type of home. In the third quarter, that index fell for all categories of housing. “Housing affordability levels are quite…

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Cross-Border Shopping to Rise

Cross-Border Shopping to RiseMore Canadians plan cross-border shopping over the holiday season, according to a survey released Friday by the Bank of Montreal. The Bank’s survey found 18 per cent of those polled plan to shop in the United States this season, up five percentage points from last year. The peak American retail season begins on Nov. 25 or Black Friday, the day following American Thanksgiving. It gets its name from the fact…

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Debt Worries May Put Damper on Holiday Buying

Debt Worries May Put Damper on Holiday BuyingFeelings of financial insecurity could overwhelm the Christmas giving spirit, making Canadians less likely to splurge on holiday shopping this season, according to a survey released Tuesday by Deloitte Canada. With a growing number of respondents pessimistic about the economy and more people choosing to pay down their debts, holiday budgets could be squeezed. Only 29 per cent of Canadians surveyed said they expect the economy to improve in the…

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Fed-up Clients Ditch Banks for ‘Transfer Day’

Fed-up Clients Ditch Banks for 'Transfer Day'The social media-organized protest against big banks crescendoed Saturday, with hundreds of thousands of fed-up customers yanking their money from large corporate institutions to dump it into credit unions. Smaller community banks across the United States were recording an uptick in business as a result of the anti-corporate sentiment, which came to a head on so-called international “Bank Transfer Day” on Saturday…

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