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Saturday , 25 March 2017

Monthly Archives: October 2016

Good holiday season forecast as retailers adapt to the “experience economy”

Do you go shopping so you can get out of the house and go somewhere that reflects your personal values? Then you are probably between twenty-five and thirty-four years old, and you are part of the “experience economy.” Shoppers in that age bracket, otherwise known as the Millennials, and indeed most Canadians, rate buying things as one of life’s greatest pleasures. Nowadays, however, they also want it to be a beautiful and memorable experience. Which is why the new Nordstrom department store at Yorkdale Mall looks the way it does, with a soaring atrium, high ceilings, plenty of windows and natural light (no more “fortress” mentality at Nordstrom, says the ... Read More »

Financial advice group emphasizes “winning” for Credit Education Week

Debt is depressing and can be hazardous to your health. People who are seriously in debt often feel hopeless, ashamed, and isolated, which makes getting out of debt all the harder for them, as they give in to feelings of “what’s the use?” and lose control of their lives. That sense of failure and helplessness can lead to suicidal thoughts. Psychologists and credit counsellors agree about the link between debt and depression, and according to Credit Canada, it is becoming more common. A sense of failure and its accompanying depression are not the most motivating of feelings when change is needed. Winning, and feeling like a winner, are. So Credit ... Read More »

Should realtors worry? Ontario law firm sets up own, fee-flexible brokerage

You do not need a real estate agent to buy or sell a home, but you do need a lawyer. Many people sell their homes privately, but a lawyer must be involved for the closing, which basically means the transfer of clear title from the vendor to the purchaser, and taking care of certain bookkeeping tasks like outstanding taxes and utility bills. The lawyer will also be expected to review the agreement of purchase and sale, and, in the case of a condominium transaction, the condo declaration. This being so, it’s a little bit curious that more home purchasers don’t choose to skip the intermediary—the realtor—and deal directly with the ... Read More »

Many domestic investors, few foreign buyers in Toronto condo market

We are learning more about how many foreign buyers and domestic investors are active in the Toronto condominium market. Condo research firm Urbanation, which conducted a survey of developers and brokers to gather the data, says the role of foreign buyers is “rather limited,” accounting for just 5 per cent of all sales within projects currently in development in the GTA. The share of units sold to foreign buyers ranged from 1 per cent to 25 per cent, depending on the project. Domestic investors play a much more significant role, however, accounting for more than half (52 per cent) of all sales. Sales to domestic investors ranged from 5 per ... Read More »

RCMP rent fraud arrests spotlight growing problem in the sharing economy

Never send cash or personal information via email or text message unless you are absolutely certain of whom you are communicating with. We hear this advice over and over again, yet countless fraudsters and scam artists all over the world rely on, and profit from, our failing to heed it. As a result, the news is full of stories told by red-faced victims, like the woman from Raleigh, North Carolina, who sent first and last month’s rent to a man she thought had advertised an apartment for rent on Craigslist. He had insisted that all communication be by email and text, which should have been a large red flag, but ... Read More »

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