The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Real estate bubble in Toronto: Been there, done that
A comparison of today’s housing market in Toronto with conditions in the late 1980s, just before a major crash that took two decades to unwind.
Housing bear Garth Turner does the math for a reader of his blog who asks whether it’s better to rent or buy a house in midtown or downtown Toronto. The answer is a predictable No, but Turner’s reasoning is worth reading if you’ve been psyching yourself up to buy an expensive home.
Financial thoughts for fiancés
A woman’s perspective on how much money a man should spend on an engagement ring. Interesting suggestion: Men, discuss the purchase with your fiancé before buying.
Now that’s how to run a company
A very favourable review of Amazon.com’s recent letter to shareholders, which talks of putting the company’s long-term success ahead of short-term profits.