The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Where does the housing market go from here?
Sales in Toronto and Vancouver were down in April, but not by as much as in the previous month. Some agents believe the market is gaining strength again, but that view is not shared by some U.S. observers. Here, Bloomberg TV interviews the San Francisco-based hedge fund manager Vijai Mohan, who believes Canada’s housing market is heading for a fall and hopes to profit from the decline.
This analysis from the Reuters news agency thoroughly covers the arguments why Canada’s housing market won’t crash like the U.S. market did.
How much house can I afford?
The non-profit GetSmarterAboutMoney.ca website has created this multi-purpose mortgage calculator, which looks at affordability, the amount of your payments and the impact of making extra payments.
The million dollar savings plan
A calculator that can help you map out how to save $1-million. Good luck with that.