‘Going to be working until I’m 85’: Nevada residents are facing a whooping $1.3M HOA bill to fix their community’s failing water system. What happens if they can’t afford to pay?
A homeowner can expect to pay expenses to maintain their home and the occasional surprise repair bill. Sure, you can expect that your roof and even landscaping is your responsibility. But what about your community water system? On top of that, you’re being asked to shell out $16,000? That’s the exact situation homeowners in a […]
Edmonton property developer owes $75M to former retirement residents but one thing is holding the company back from paying: How to avoid a similar nightmare
An Edmonton property developer, Christenson Group of Companies, is facing mounting financial troubles, leaving more than 200 former residents in financial limbo. The company owes approximately $75 million to individuals who had invested in life-lease contracts at nine retirement homes, according to a CBC News story. “Hope has certainly been waning,” Jim Carey, president of […]
This Arizona business owner was hoping to save money by signing up with a new credit card processor — until they hit him with a $3,120 bill for equipment he didn’t ask for
Small business owners have enough to deal with, between making customers happy and maintaining a positive cash flow. But an entrepreneur in Phoenix trying to save money got more than he bargained for. Anthony Perez, who owns A to Z Auto Detailing, was looking for a new credit card processing company. He says about 95% […]
Investigation reveals Californians are forced into the FAIR plan despite living in low-risk areas for wildfires — why this is happening and what residents can do about it
A recent investigation by CBS News found that since many private insurance companies in California have stopped issuing new policies, homeowners are being forced into the state’s insurance plan, the FAIR plan, despite living in low fire risk areas. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I […]
Smart car shopping in retirement: What to consider before buying a vehicle on a fixed income — from budget tips to choosing the right features for your lifestyle
You’re enjoying your retirement years, taking the occasional road trip to spend time with friends and family. But your car has seen better days — nearing the end of its life at 200,000 miles. Since you haven’t purchased a car in a long time, you may be surprised at how much vehicles have changed — […]
50% of Canadian fear they’ll NEVER own a home as recession and interest rates crush buying hopes
“I don’t think I’ll ever own a home.” That’s the reality for half of Canadians — and two-thirds of millennials — who now see homeownership as a dream slipping out of reach. With recession fears rising and interest rates stuck in uncertainty, more and more working Canadians are stepping back from the housing market entirely. […]
Canmore’s new tax on vacant homes sparks debate over affordability and community values
Canmore, Alberta, has introduced a new tax targeting vacant and tourist homes, aiming to address the town’s housing affordability crisis. The policy, known as the "Liveability Tax," has stirred divisions within the community, with some residents supporting the measure as a necessary step toward increasing housing availability, while others view it as an unfair burden […]
Can you pay CRA taxes with a credit card in 2025? Fees, risks, and better options explained
If you owe the taxman money this year, paying on time is the best way to avoid penalties and interest. As Canada’s tax law administrator, the Canada Revenue Agency (CRA) makes it easy to pay your taxes in a number of different ways — including by swiping your credit card. If you’re thinking about using […]
“Please make sure your head is on straight” — An Ontario professor’s retirement plan was derailed after her mothers sudden death. Here’s how she got it back on track
Former computer scientist and professor, Julia Johnson (72), was used to creating plans and executing them, and retirement was no different. But her plans went awry when her mother unexpectedly passed away. Right before retiring in 2020, Johnson had taken an exit sabbatical so she could have time to move from Ontario to Edmonton, Alberta […]
Fixed mortgage rates rise as variable-rate discounts tighten: Here’s what it means for your next loan or renewal
For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — especially as rate cuts seemed like a matter of “when,” not “if.” But the tide has turned. As of early May, both fixed […]
