It is almost becoming an affront to the legacy of George Washington to have to grace the lowly greenback. While the currency managed to claw back some ground amid turmoil on global markets this week, it remains on the verge of sinking below a pair of important thresholds. The first is the 2008 record low. […]

Last September, my wife and I started scouring the city for a new house. We were living in a cozy bungalow, but with a growing kid and another on the way, we decided it was time to move. Buying a new house is, of course, expensive, so I wanted to do whatever it took to […]

Canada’s economy created an impressive 58,300 jobs last month, almost all of them in Ontario, and a big portion of them part-time. It was enough to bring the unemployment rate down to 7.6 per cent, matching the lowest jobless level since the early months of the recession. Economists had expected a more modest 20,000 pick-up […]

A young couple who have been renting in our modest Toronto condo building recently bought a home a couple of miles away in a nice old neighbourhood with the aim of starting a family. The house is a big, detached fixer-upper and the renovation costs will be extensive. In moving up to the rungs on […]

The number one question you need to ask yourself if you’re selling your home this spring is: How do I net the most money? It’s not how do I get the most money for my home. It’s how do I keep the most money in my pocket after paying all my expenses, including commissions and […]

Since they rely heavily on word-of-mouth to spread their businesses, contractors are motivated to fully satisfy their customers and build a solid reputation. But because bad news travels faster and farther than good news, it’s far more common to hear stories about bad contractors than it is to hear about good ones. (You think your updated house […]

The most enduring and simplistic argument for buying a house is that you’re making an investment. What an understatement. Between your mortgage, property taxes, utility bills, maintenance, furnishings, renovations, landscaping and such, you’ll be investing non-stop in your home. But what’s the return on your money? Looking back a decade, houses have been an excellent […]

You walk into the open house, take one look and say to yourself: This is it. It’s the house I have to live in. Where do I pay? A bidding war? I’m in. Over my years of buying houses, I never bought one that did not have that frisson moment, that thrill of finding a […]

Higher food and gasoline prices and hefty debt loads likely to be made worse by interest rate hikes will impact consumers’ buying habits going forward, say those who track retail spending. It’s going to be tough for consumers who have depended on a low interest rate environment, said TD Bank economist Francis Fong, adding that […]

Friendly faces in a depersonalized, online world – that’s your local bank branch for you. Branch staff are glad to talk about your financial situation, be it debt, saving or investing. They’re also eager to sell you stuff, so it’s important to know how to talk to bankers before you go in. Online banking is […]