Canada's Condominium Magazine

Monthly Archives: October 2016

It's Cyber Security Awareness Month: some tips for staying safe

It's Cyber Security Awareness Month: some tips for staying safe

The top ten cyber scams in 2015 cost Canadians an estimated $1.2 billion, according to the Ontario Provincial Police. Around 80,000 people become victims of cyber criminals every single day, falling for phishing scams (the most common), money laundering scams (also known as the Nigerian scam), greeting card scams that seem legitimate but infect your… Continue Reading

It’s Cyber Security Awareness Month: some tips for staying safe

It’s Cyber Security Awareness Month: some tips for staying safe

The top ten cyber scams in 2015 cost Canadians an estimated $1.2 billion, according to the Ontario Provincial Police. Around 80,000 people become victims of cyber criminals every single day, falling for phishing scams (the most common), money laundering scams (also known as the Nigerian scam), greeting card scams that seem legitimate but infect your… Continue Reading

National housing markets healthy pending changes to mortgage eligibility rules

National housing markets healthy pending changes to mortgage eligibility rules

Recently announced government measures to rein in Canada’s residential real estate market have not yet had much impact on the way the market has performed, both in terms of sales numbers and prices. The latest Royal LePage House Price Survey shows that nationally, the price of a home in Canada in the third quarter increased… Continue Reading

Canadians score well for financial literacy, though that's not saying much

Canadians score well for financial literacy, though that's not saying much

In its first attempt to assess how financially literate the citizens of certain countries are, the Organization for Economic Cooperation and Development (OECD) finds that overall levels of financial literacy are relatively low. Using the three criteria of financial knowledge, financial behaviour, and financial attitudes, the survey of thirty participating countries found that the average… Continue Reading

Canadians score well for financial literacy, though that’s not saying much

Canadians score well for financial literacy, though that’s not saying much

In its first attempt to assess how financially literate the citizens of certain countries are, the Organization for Economic Cooperation and Development (OECD) finds that overall levels of financial literacy are relatively low. Using the three criteria of financial knowledge, financial behaviour, and financial attitudes, the survey of thirty participating countries found that the average… Continue Reading

Mortgage industry in a tizzy over new federal lending requirements

Mortgage industry in a tizzy over new federal lending requirements

The non-bank mortgage lenders have been much more vocal in expressing concerns about the new mortgage rules announced this week by the Department of Finance than the banks have. Genworth MI Canada, the country’s largest private mortgage lender, said in a statement that it estimates that a little over one-third of transactionally insured mortgages, predominantly… Continue Reading

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