Teresa's Edmonton Real Estate Blog

MONTREAL ― It’s not much of a secret that Canadians and Americans have been drifting apart politically for some time now.But it’s a less-known ― though increasingly obvious ― fact that the financial state of Canadians is also drifting away from that of Americans.If there were such a thing as money-colored glasses, someone wearing a pair would swear that Americans and Canadians aren’t even the same species.

The trend has been going on for decades now, but it accelerated during the 2008 financial crisis, when the U.S. housing market busted out amidst a debt crisis, while Canada’s economy came through smelling like roses. Ever since then, the typical Canadian household has looked noticeably different, financially, from the typical American one.

Here

213 Views, 0 Comments

If there is a financial product out there that people seem to love to hate, it’s a reverse mortgage. But is that fair?

Here are a few facts that might change your perspective and “reverse” some of the misconceptions out there.

What is a reverse mortgage?

Reverse mortgages are loans that allow you to access some of your home’s equity without making a payment or forcing you to sell. However, a reverse mortgage loan ultimately does have to be repaid either when you move out of the home or when you die. There are some extenuating circumstances when the loan may need to be paid back sooner. For example, if the home is no longer your principal residence, you fail to pay your property taxes or homeowners insurance, or do not keep the home in good

548 Views, 0 Comments

Canada's inflation rate cooled to a 1.9 per cent annual rate in August, Statistics Canada says, as the price of gasoline, fresh vegetables and fruit all got cheaper during the month.

August's rate came in 0.1 percentage point below July's level.

After bottoming out at 1.4 per cent in January, Canada's inflation rate has been at 1.9 per cent or above for six months in a row now.

Cheaper gasoline was one of the biggest factors in the cooling, as gasoline was 10 per cent cheaper in August 2019 than it was the same month a year earlier. The impact of that cheaper gas is so great that if gasoline is stripped out of the data, Canada's inflation rate would have been much higher — 2.4 per cent.

Canadians also paid 6.5 per cent less for fresh

578 Views, 0 Comments

If a recession is headed our way, the canaries in the economic coal mine that are most likely to sing its arrival will be Canada's big banks. That's because Canada's five biggest lenders — Royal Bank, TD, Bank of Montreal, Scotiabank and CIBC — have a hand in nearly every aspect of Canada's economy, from loaning businesses money for expansion to funding the mortgages that finance much of the housing market.

Those same banks are in the midst of revealing their quarterly earnings this week, and the numbers should offer a good glimpse of where the economy is headed.

Profits up

The Royal Bank of Canada was first to report last week, showing profits rising to a record $3.3 billion in the third quarter. CIBC was next, with a quarterly profit of $1.4

638 Views, 0 Comments

Plant-based eggs have landed their first big fast-food deal, following in the footsteps of the plant-based burger trend.

Canadian coffee chain Tim Hortons is testing JUST Egg at locations in its home market.

 

“Canada is one of the most requested markets for JUST and we’re excited to be able to offer our product at select Tim Hortons locations for this market test,” JUST spokesman Andrew Noyes said in a statement.

Tim Hortons, which is owned by Restaurant Brands International, made a leap into the world of vegan substitutes earlier this year when it started offering Beyond Meat’s imitation sausage on three breakfast sandwiches. It recently added the Beyond Burger — its first burger — to its menu as well.

“We are always listening to our

634 Views, 0 Comments

  • TECHNOLOGY

Jun 10, 2019

 

Upgrade your memory with a surgically implanted chip!

Caroline Winter, Bloomberg News

  BC-Upgrade-Your-Memory-With-a-Surgically-Implanted-Chip!

BC-Upgrade-Your-Memory-With-a-Surgically-Implanted-Chip! , Illustration: Jinhwa Jang for Bloomberg Businessweek

In a grainy black-and-white video shot at the Mayo Clinic in Minnesota, a patient sits in a hospital bed, his head wrapped in a bandage. He’s trying to recall 12 words for a memory test but can only conjure three: whale, pit, zoo. After a pause, he gives up, sinking his head into his hands.

In a second video, he recites all 12 words without hesitation. “No kidding, you got all of them!” a researcher says. This time the patient had help, a

460 Views, 0 Comments

Excitement over the Toronto Raptors' NBA Finals run is great news for bars across the country, but experts say the moment is an invaluable marketing opportunity for Toronto that could provide a substantial long-term economic boost to the region.

The championship run has already proven to be a boon for watering holes as people gather to take in the games with other fans.

"It's interesting if I'm sitting at home watching it. It's exciting if I'm sitting in a bar with 200 of my best new friends watching a game," said Jeff Guthrie, chief marketing officer at payments firm Moneris.

The company found that spending at bars in the Greater Toronto Area was up 72 per cent for Game 2 last Sunday against the Golden State Warriors,

156 Views, 0 Comments