Who is really to blame for the unaffordability of housing in Vancouver?

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The Vancouver real estate market is on fire! With no signs of slowing any time soon, the debate over which catalyst to point the finger at makes headlines day in and day out. The consensus? The inflow of Asian capital (predominantly Chinese) into the real estate market is driving up housing prices. ...

Merante, the latest addition to the Calgary apartment rental market

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Mainstreet’s latest addition, Merante, is located right in the heart of thriving and bustling downtown Calgary, in close proximity to the popular and trendy 17th Avenue SW. Previous owners bought and sold this building without ever opening its doors. Not Mainstreet. The building, which consi...

How to manage in difficult times

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It has been almost 18 months since the collapse of the oil and commodity prices. The economy in Alberta has been badly affected. A lot of people have been laid off and there is no sign of a recovery happening soon. How can you manage your way through this difficult time, particularly if you have ...

New Year, New Tax Changes

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Middle Class Tax Cut Starting 2016, most of us are going to have more money in our pockets, thanks to the Liberal government’s middle class tax cut. This new tax rule will cause a reduction in the federal tax rate for income between $45,283 and $90,563 to 20.5% (from 22%) and an increase of 4% ...

5 reasons to be bullish on Calgary and Edmonton

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The Resilience of Alberta's Urban Centres Uncertainty is at an all-time high in Alberta. It seems as though there are countless factors contributing to a perfect storm that is decelerating the economy and raising questions about the future of the province (low oil prices, NDP Provincial Governmen...

Take control of your money and long-term financial freedom

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Can’t remember if you paid your rent or utility bill on time?, if so, then it means your money controls you. However, when you have a reasonable personal budget that guides you to keeping bills paid on time and reducing debts, you control your money. Letting money control you can make your life...

Concerned About Calgary’s Rental Market?

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The latest Canada Mortgage and Housing Corporation (CMHC) rental market survey (released November 2nd, 2015) indicated that the apartment vacancy rate in Calgary increased to 5.3% in the month of October. Year-over-year, this represents a substantial increase from the 1.4% vacancy rate reported in O...

Metro LRT line to finally open in Edmonton

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Metro LRT line to finally open in Edmonton; connecting MEQ properties, NAIT, MacEwan, Connor McDavid, and Ice District to existing north-south line It’s official. The City of Edmonton’s Transportation Services Department finally announced that the long awaited Metro LRT line to NAIT will open...

Review of CMHC Financing

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Canada Mortgage and Housing Corporation (CMHC) is a crown corporation of the Government of Canada. A review of CMHC shows its mandate is to help Canadians meet their housing needs. This includes providing support for Canadians, objective research, and advice to Canadian industry stakeholders. Rev...

Review of Factors Which Influence Interest Rates

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There are many factors which influence the rate of interest a person or corporation pays on its debt. These range from a review of macro economics, social, and political issues to micro issues reviewing the person or corporation’s ability to repay the debt. Lets review a few factors which influenc...