The Canadian mortgage market has been free of the drama characterizing the US stage due its more conservative lending practices. To save Canadians from the traps of no money down mortgages, the government banned both 100 percentage mortgages and 40 year terms "to reduce the risk of as US-style
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11/20/2008
Headlines in several Canadian newspapers report that consumers are nervous buying a condo out of fear that what they contracted for will not be built. A more substantial fear is that due to current oversupply, condominiums are getting harder to sell. In Toronto, 22,654 condos were sold in 2007,
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11/18/2008
A week after announcing a massive wave of US job cutting and store closings, Circuit City filed bankruptcy and announced that it would cut an additional 700 jobs at its Richmond, VA headquarters. This latest move is in part an attempt to satisfy creditors for current outstanding debt while acqui
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11/16/2008
Everyone loves a bargain, especially in housing where a few percent off adds up to thousands of dollars. In a buyers' market, where some sellers who need to move their homes are facing the prospect so of having their time in the market longer and ultimately selling for less, it's tempting for bu
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11/13/2008
If the economy makes you want to run to Fantasyland, now you can at discounted prices. With stock prices dropping 6.1%, income off 13%, and hotel bookings down, Disney amusement parks announced discounts on vacation packages to any of its parks. For vacations booked by December 20, a 7 day vacat
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11/11/2008
Recent good news reported here about the thriving Canadian auto industry is threatened by bad news from Detroit: the US auto is in such bad shape that the big three automakers are lobbying for a $25 billion low interest loan from the government. Without aid, predicts the Center for Automotive R
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11/09/2008
For the 92,999 cars and 22,300 trucks that cross the US-Canadian border each day, crossing the border will be more difficult once the Western Hemisphere Travel Initiative takes effect in June, 2009. A response to homeland security concerns, the US is installing scanners and radio frequency ident
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11/06/2008
Ten Thousand Villages, a non-profit organization that offers handmade items from artisan co-operatives in developing countries, has a great store in Windsor, right at 3225 Sandwich Street. In addition to handicrafts, the selection also includes Fair Trade coffee, tea, chocolate, dried fruit, a
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11/04/2008
The housing inflation that has characterized the housing market in the United States has drifted northward, it seems, according to a report by Sauder School of Business at the University of British Columbia. In a study of nine Canadian cities, seven of them have housing stock that is overvalued
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11/02/2008
