http://www.everydaymoney.ca

Main

Housing Prices

March 10, 2010

Canadians save big flying out of U.S. border airports

Continuing a decade-long trend, the number of Canadians visiting the United States dropped sharply in 2009. We actually crossed the border 10 per cent less than we did the year before.

Same-day car trips were off the most, according to Statistics Canada — a 13.3 per cent drop.

But one cross-border travel option continues to grow.

Searching for lower fares and fewer hassles with airport security — because they’re flying domestically inside the U.S. instead of coming from abroad — some 2.5 million Canadian travellers crossed the border to fly out of smaller U.S. airports last year, according to the Canadian Airports Council.

And why not? Fares between U.S. cities can be hundreds of dollars less than flying directly from your local airport, reports USA Today. 

Continue reading »

August 25, 2009

Does it make sense to buy a vacation home?

Whether the sun is shining or the snow is blowing, there’s always somebody grappling with the same question: Does it make sense to buy a vacation home?

On the cost side, property taxes, condo fees, and utilities, as well as maintenance and insurance on a property, can easily add up to 5 or 6% of the home's value every year. Expect a big insurance premium, for instance, because the very things that make a vacation home appealing — proximity to water or mountains, distant from civilization — also make it riskier to insure. And, of course, there's the cost of getting there.

Continue reading »

April 24, 2009

Calverley responding to your 'housing prices' comments

By John Calverley, guest blogger for Sympatico/MSN Finance

My thanks to all those who commented on my post on Wednesday. Readers seem about evenly divided between those who agree that housing prices will fall further and those who are angry that I am trying to talk the market down. The latter is certainly not my intention and, anyway, I have no illusions about my influence.

Continue reading »

April 22, 2009

Most Canadians too complacent about housing prices

Bubbl-bursts By John Calverley, guest blogger for Sympatico/MSN Finance

Most Canadians are far too complacent about the outlook for housing prices. U.S. prices continue to fall like a stone, down 29% from the peak so far on the Case-Shiller index. Industry voices in Canada insist we will not see anything like that here, but the reality is that housing prices are already falling fast, almost everywhere in Canada. 

In my new book When Bubbles Burst: Surviving the Financial Fallout, I look at the world-wide housing boom and its consequences – a major world recession and a financial crisis. The book is a sequel to a book I published in 2004, which warned about the U.S. housing bubble. At that time I still hoped that a crisis could be avoided but what has unfolded is my worst case scenario.

Continue reading »

advertisement

Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo), canoe.ca, AOL.ca, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...