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Carrick on money: Real estate bubble in Toronto? Been there, done that

Housing bubble

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.

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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's recent letter to shareholders, which talks of putting the company's long-term success ahead of short-term profits.

More money
Join the 21,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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