Rising mortgage costs put Canadian homeowners at risk

A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to the Canada Mortgage and Housing Corp. (CMHC). The housing agency says it is monitoring the situation closely as higher interest rates push monthly payments higher. “My overall expectation is that delinquencies and arrears […]

A Birkin handbag sold at auction for a record US$10.1M — here’s how savvy Canadian investors can build wealth with ‘passion assets’ instead of scary stocks

Some of the world’s most iconic products weren’t born in boardrooms. They came from moments of pure inconvenience. Case in point: the Hermès Birkin. In 1983, actress Jane Birkin struggled to fit her straw tote into an airplane’s overhead compartment. Its contents spilled out in front of Jean-Louis Dumas, then CEO of Hermès. The mishap […]

Oregon man won ‘$5K a week forever’ in 2012, spent cash like he was set for life — but Publishers Clearing House went bankrupt. Now he might lose home

This article adheres to strict editorial standards. Some or all links may be monetized. An old TV commercial once promised, “Only Publishers Clearing House can make you so rich, so fast!” But, as some unlucky winners discovered this year, they can also make your fortune disappear just as quickly. That’s what happened to John Wyllie, […]