According to Moolala author Bruce Sellery, going back to your bank for a mortgage, primarily because you’ve been a customer “forever,” is “zombie behaviour.”
Sellery made the comments during a Lang & O’Leary Exchange appearance Monday.
“A lot of people would say it’s loyalty. I would say it’s lazy,” he adds.
Click here to read more insight from Sellery on picking your next mortgage originator from CanadianMortgageTrends.com.
Two BC cities are tops on a list of Canada’s investment hot spots, according to a recent report from Business Review Canada.
The review broke down Canada’s regional economies by province, and then dug deeper to find emerging markets in small- to mid-size communities ripe with opportunity for investors.
When the dust had settled, the BC communities of Maple Ridge & Pitt Meadows, along with Surrey, came out on top of the ranking. They share the honour with Red Deer, AB, and Barrie, ON – also named among the most desirable communities to purchase investment properties.
Maple Ridge & Pitt Meadows are noted for both commercial and residential investment potential. The Translink/Gateway Project is underway – a move that will improve transit and infrastructure, making for a popular new choice for residents and businesses looking for close proximity to Vancouver.
Click here for the full article from Canadian Real Estate Wealth.
A new poll for one of Canada’s biggest banks reveals many Canadians don’t have a reserve fund set aside to cover unexpected emergency expenses.
According to the poll conducted for CIBC, 45% of Canadians have no emergency savings. And if they were to encounter an unplanned expense they would likely have to dip into retirement savings or take on debt in order to cover the shortfall.
The survey, which was conducted by Harris/Decima on behalf of the bank, found that younger Canadians are less likely than older Canadians to have an emergency fund.
Among Canadians aged 45 to 64, 60% say they have funds put aside for an emergency.
Click here for more from CTV News.