There are certain lending rules that banks are expected to follow when they approve someone for a mortgage. In Canada, the lending rules are… 1) No more than 32% of our gross income can go towards housing related expenses like mortgage, heating, property tax, etc.. 2) No more than 40% of our gross income can to towards making… Read More »
Read in the local news today that police in metro Vancouver pulled over a car for not having a front license plate. The vehicle turned out to be a 2012 Lamborghini Aventador, which starts at $430,000 Canadian dollars, before taxes. The police soon found out that the 22 year old driver did not have insurance on the car.… Read More »
Last week I wrote about how people spend over $3,000 a year on impulse shopping. If we wish to spend less money and time, but still add value to what we purchase we have to understand how the passing of time will affect our perceptions of what we buy. Maybe you’re smart and are already doing this (^_^) But did you… Read More »
It’s not everyday we see a 10% intra-day drop in Google’s stock price but that’s what happened today when they missed analysts’ expectations. To make things worse there was a small hiccup during the earnings report process when a third party company accidentally released their profits early without permission, which caused all kinds of problems (゜o゜) Some investors are… Read More »
Members of both the Canadian Auto Workers Union (CAW) and the Communications, Energy and Paperworkers Union (CEP) have voted overwhelmingly in favor of a union merger. Together, they would have over 300,000 members across various economic sectors. So chances are, you probably know someone who will be affected by this 🙂 The thing is union membership in Canada has fallen to… Read More »
According to a Bank of Montreal study, impulse shopping cost Canadians $3,720 a year. These can be any kind of purchases like clothes, knickknacks, or food. That amounts to $310 a month being spent on items that are wanted, but not needed. More than half of the people surveyed actually bought something they might not need because it was simply on sale. For… Read More »