Canadian Mortgage Broker News – Canada’s renovation market set to cool

“Homeowners typically undertake their largest renovation expenditures in the first three years following a resale home purchase,” said Warren. “With home sales having peaked in 2007, the largest share of these ‘new buyer’ renovations should be winding down.”

Canadian Mortgage Broker News – Canada’s renovation market set to cool

Top-10 year-end tax tips

Ottawa Citizen- The deadline is fast approaching to qualify for the home renovation tax credit (HRTC). The HRTC is a 15% tax credit for eligible renovation expenditures made to your home or vacation property…

Top-10 year-end tax tips

Contrasting sides of Canadian economy will likely be revealed

Times Colonist-  “Much of the upward momentum in spending should come from motor-vehicle sales, which is poised to post its second consecutive month of strong gains,” Millan Mulraine, economics strategist for TD Securities, said in a research note. “Additional support should come from expenditures on housing-related items on account of the buoyancy in Canadian housing-market activity…”

Contrasting sides of Canadian economy will likely be revealed

Our standard of living has been rising for decades

 Ottawa Citizen – Ontario – Expenditures by the average household have grown from $6000 per year to more than $69000, according to Statistics Canada. Even when measured in 2004 …

Our standard of living has been rising for decades