Real estate refuge
A gradual cooling in house prices will look good in hindsight, argues a major Canadian bank.
- The cooler housing market may be good for certain sectors of the economy, CIBC World Markets says in a new report. First-time buyers, for instance, may welcome a letup in home prices and may have more money available for retail spending, argues economist Avery Shenfeld. Pick up the Dec./Jan. issue of MoneySense to read “No Bubble, No Trouble,” your guide to capitalizing on the recent market downturn.
- In his latest blog post, our favourite Canadian Couch Potato gets to the bottom of BMO and PowerShare’s new batch of low-volatility ETFs.
- The Royal Canadian Mint is selling off some rare gold coins. There are 30,000 $5 and $10 coins up for grabs dating back to First World War. The $10 coins, with about 15 grams of gold, are being sold for $1,750.