Want to pay San Francisco housing prices on a Columbus, Ohio income? Move to Vancouver. While policymakers from Seattle to Boston lament a growing urban affordability crisis, a new study of home prices and earnings across more than 100 major U.S. and Canadian metropolitan areas shows Vancouver in an ignominious class of its own. The median cost of a Vancouver … Read More

Canadian delinquency rates, which have been declining since the last recession, will probably reverse and begin to climb by the end of 2018 as the central bank presses ahead with interest rate increases, according to the country’s largest credit reporting firm. Regina Malina, senior director of analytics at Equifax Canada, predicts late payments on the country’s $599 billion of credit card, … Read More

Vancouver is the most expensive city for residential real estate in the country and it’s forcing the city’s homebuyers to stretch their budgets to purchase homes in the hot market. In 2017, 48 per cent of homebuyers in Vancouver exceeded their budgets to buy homes, according to a recent Canada Mortgage and Housing Corporation (CMHC) survey, published last week. Meantime, … Read More

VANCOUVER—Mountains and public health care are what led 34-year-old Katie Marshall to move to Vancouver this summer, at a time when the pervasive belief is that millennials are fleeing the city in droves. But Marshall is, in fact, one of thousands of millennials moving to the lotus land despite high housing prices. There’s a lot to love, she explained. “I’m … Read More

The most satisfying way of working towards a big purchase, a house, a car, a cottage, isn’t by taking a bigger slice of your income pie and putting it towards savings. It’s by making sure your pie is as large as possible and taking the same percentage out. Yes, it sounds obvious, and no one is says “No” when offered … Read More