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Wednesday , 29 March 2017

Monthly Archives: June 2016

Lender makes it easier to check credit score, with advice on how to improve it

Do you know your credit score? If you do, you’re in the minority. A Canadian fintech lender says that most of us don’t know our score, or how we can improve it. Borrowell, an online lender, said that it would now provide people with free, “no-obligation” access to their credit scores. Considering how important a good credit score is when approaching a bank for a loan, it is a little surprising to learn that more than half of Canadians have never checked their score, and only 14 per cent do so regularly. In a statement, Borrowell said that it would provide consumers with an updated score every three months so ... Read More »

Sleep Deprivation, the Growing Threat to Health : the Hidden “Costs of Wakefulness”

A Guide for Sleep-Challenged Condo Dwellers from the Experts A “sleepidemic” —an epidemic of “wakefulness” — may be robbing us, and especially our children, of their health and wellbeing, according to Harvard Medical School. [1] Reduced sleep is associated with shortened lifespan, and increased risk of heart disease, cancer and diabetes. Urban dwellers, and people who might live in older homes — without sufficient noise insulation — might be at added risk of sleep deprivation. “Many experts suggest that quality sleep is as important to your health as good nutrition and exercise.” [1] “Not getting enough sleep alters insulin resistance, which is associated with an increased risk of developing type ... Read More »

BMO: Housing Prices Won’t Decline in Toronto Regardless of Monetary Policy

Analysts at the Bank of Montreal doubt interventions by the Bank of Canada will have any impact on the ongoing surge in home sales and pricing. “None of the major drivers of Vancouver and Toronto’s housing market are pointing downward.”  —Douglas Porter, chief economist at BMO,  in a draft report. The report adds weight to a CREA report that higher prices are expected to continue through 2016. Upwards pressure on pricing will continue due to short supply, demographics, the jobs situation, urbanization, and the influx of foreign investments. This might be good news for sellers, as well as give hope to buyers that the value of their investment will continue to ... Read More »

Automation, robotics, AI to disrupt Canada’s labour market in big way: study

Wouldn’t you know it: politicians are among the least likely to experience job disruption due to automation, with just 4 per cent of their current job tasks capable of being automated. If you’re a bookkeeper or a data entry clerk, on the other hand, most of what you do (86 per cent) could be done just as well by a robot. It’s even worse luck for bakers: virtually everything bakers do, 98 per cent of their job tasks, could be done without human hands. But those who have chosen the occupation of musical composer, arranger or conductor are in the best place of all, with zero likelihood of being made ... Read More »

Despite record-low listings, home sales forecast to rise through 2016: CREA

Canada’s resale housing market was defined by supply shortages, higher sales, and higher prices in 2015, and those same market trends have only intensified in 2016, says the Canadian Real Estate Association (CREA). National sales activity and average prices reached new heights in the first half of this year, while the availability of single-family homes in the GTA and parts of British Columbia has reached a new record low. The other big-picture trend has been the contrast between market conditions in resource-dependent provinces, especially Alberta, where prices and sales numbers have fallen, and other parts of the country. CREA is forecasting that sales activity will rise by 20 per cent ... Read More »

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