October 2015

There are 2 blog entries for October 2015.


Canadian home prices are rising at a rapid-fire pace that is among the fastest in the world.

A quarterly look by Bank of Nova Scotia’s Adrienne Warren shows prices in Canada rose 8.2 per cent in the second quarter of 2015, compared to a year earlier.

Ireland topped the list, at 13.3 per cent, followed by Sweden, at 10.5 per cent. Australia was just a shade above Canada, at 8.3 per cent.

“Canadian home sales and pricing are proving resilient in the face of a more challenging economic environment, buoyed by ultra-low borrowing costs and favourable homebuying demographics,” Ms. Warren said in her recent report.

She also warned, however, that “among the more robust housing markets globally, including Canada, Australia, the U.K. and

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Many single women like Lorenzo are buying their own homes. In fact, it is much more common for single women than single men to purchase a home. Here are three financial tips for prospective home buyers.

1. Know what you can afford

Affordability is a huge issue. That means not only affording the mortgage but also the taxes, the maintenance, the insurance and having money set aside for emergencies.

The conventional wisdom for a down payment has not changed. Expect to put down 20 per cent for the mortgage. At the same time, have an emergency fund to cover at least six months of expenses, experts say.

Even if you are purchasing a new property, you will need a reserve to cover repairs. Remember that you have to pay property taxes, too. A good

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