Industry

HomEquity’s reverse mortgage applications up 32.5% in 2017

Reverse mortgage applications are on the rise for at least one lender. Read: UPDATED: Several banks hike five-year fixed mortgage rates HomEquity Bank posted reverse mortgage originations of $608 million for 2017. (An origination involves the process of applying for and processing a loan application.) By email, a bank spokesperson said the 2017 originations represent […]

By Staff |January 16, 2018

1 min read

Two big banks to watch in 2018

Canada’s banks were on a tear in the latter half of 2017. Will that continue?

By Katie Keir |January 16, 2018

3 min read

The challenge of resolutions and behavioural biases

Canadians who are trying to stick to financial resolutions in the new year have their work cut out for them. That’s because one in five Canadians has a credit card balance that’s larger than their savings, finds a survey commissioned by FPSC and Credit Canada. Gift-buying could be a contributing factor, with 21% of those […]

By Staff |January 15, 2018

2 min read

Tax system requires review: CPA survey

It’s time for a review of Canada’s tax system, says a survey of chartered professional accountants (CPAs). The latest CPA Canada business monitor (Q4 2017) shows that a majority (71%) agrees Canada needs a comprehensive review of its tax system. CPA Canada has been a proponent of a tax system review to reduce complexity, ensure […]

By Staff |January 15, 2018

2 min read