1 May 2012

Police recover Guy Fieri’s stolen Lamborghini in storage...

A rare Lamborghini owned by a celebrity chef has been recovered in Richmond, California, after police tracked the item down at a self storage facility.Food Network star and chef Guy Fieri found himself entangled in a Hollywood-style mystery last year when his 2008 Lamborghini Spyder Gallardo was stolen from a dealership in California where it was being serviced. The thief allegedly rappelled off of the roof of the dealership in order to break in through a window, according to the San Francisco Chronicle. He then drove away in Fieri's vehicle.Police had essentially given up finding the vehicle, as the crime was committed more than a year ago. However, after tracking the subject in connection with another crime, they eventually found the thief's storage locker and recovered the vehicle, along with a stolen motorcycle and a number of other items."I would like to thank the Marin County Sheriff's Office and the Mill Valley Police Department for their hard work and effort…

Comment
1 May 2012

A recent report by an electricity market watchdog group in Ontario alleges that big businesses are paying much less for the electricity they use than households and other residents, according to the Toronto Star.Electric companies charge a fee called the "global adjustment," or GA. Essentially, this is paying for electricity that isn't traded on the open market.In the past, the GA fee was determined by electricity usage. If you used one percent of Ontario's electricity, you paid one percent of the GA. However, a program introduced last year called "High Five" allows select companies that use a large amount of power to reduce their GA fee if they cut power usage during the five peak times of the year. Unfortunately,…

Comment
30 Apr 2012

Many may have heard that Canada's housing market is hot right now, but just how does The Great White North stack up against the rest of the world when it comes to real estate?According to MSNBC, Canada is the seventh-hottest country in the world for housing right now, tied with Norway. Over the past five years, prices for Canadian housing have risen 28.7 percent, beating countries like Switzerland and the U.S. but losing out to Asian markets like Singapore, Hong Kong and China.The news source reports existing home sales in Canada rose 8.6 percent in February compared to the previous year. Housing starts were also on the rise as more developers invest in apartment complexes to meet the growing demand.For…

Comment
30 Apr 2012

Saving for retirement is extremely important, but even those who build up their nest egg diligently may face some unexpected expenses during their golden years. A recent report by McKinsey and Co. indicates that many Canadian seniors will have to cut their spending as they enter retirement.Fortunately, there are many pain-free ways for seniors to save money in old age, according to U.S. News and World Report. For example, insurance is one cost that tends to fall by the wayside as one gets older. Life insurance is mainly taken out by parents who want to ensure their children will be taken care of should something happen. Most seniors' children are fully independent however, meaning this cost can be cut. Seniors…

Comment
27 Apr 2012

The federal government of Canada has moved to control the hot real estate market through new legislation that would give the Office of the Superintendent of Financial Institutions oversight of the Canada Mortgage and Housing Corp (CMHC).CMHC provides mortgage insurance on high-risk borrowers taking out home loans, according to The Toronto Star. With prices high for Canadian homes right now and interest rates at record lows, the risk of defaults is high for many taking out loans. With the federal government controlling CMHC, the country can monitor the situation and ensure that insurance is being given only on the loans that really need it.Since the insurance is backed by the government, taxpayers could ultimately be shouldering the burden if a…

Comment
27 Apr 2012

Hockey season is officially over in Canada, as all of the Canadian NHL teams have been eliminated from the playoffs.The lone Canadian representative still in the hunt for the Stanley Cup was the Ottawa Senators. Unfortunately, the Senators were eliminated last night in Game 7 of their series with the New York Rangers. After the Rangers took a 2-0 lead at Madison Square Garden, the Senators pulled within one goal after Daniel Alfredsson scored on a power play. The Senators attacked relentlessly for the final six minutes of the game, but the Rangers held together defensively and blocked many of their shots. When the final buzzer sounded, it was the Rangers moving on and the Senators heading back to Ottawa.It's…

Comment
27 Apr 2012

Smartphones and iPads are just about everywhere nowadays, and one of the chief reasons consumers are buying these devices are the broad range of applications that come with them. These apps can do everything from play games to check the weather, but they can also allow users to save money in some pretty clever ways, reports Moneyville.ca.There are several apps on the market that allow the user to scan the barcodes of items using their phone's camera. The app can then identify the product in question and check prices online instantly. This can help buyers avoid overpaying for an item they see in a store. The app will tell the user if there's a better deal online or if they…

Comment
26 Apr 2012

Housing prices in Canada dipped slightly in the first few months of the year, but are still higher than they were in 2011, reports The Financial Post.The February report of the Teranet-National Bank National Composite House Price Index indicates that prices fell slightly in January and February compared to previous months. January was down 0.1 percent, while February was down 0.2 percent. However, both months were still significantly higher than 2011, by more than 6 percent. The index's methodology tracks repeat sales of the same home to see how prices change year-to-year.The index also showed what other reports have confirmed: Toronto is the hot real estate market of the moment. Vancouver was previously the city with all the real estate…

Comment
26 Apr 2012

For those who have just recently graduated, managing money can be one of the biggest challenges of living independently. Moneyville.ca recently offered some tips for new graduates to keep bank accounts healthy while they begin planning for the future.The top recommendation is to simply live within your means. Many youngsters get their first credit card and hit the malls, but this is a good way to rack up debt and ruin your credit score. Others may live paycheck to paycheck, ignoring the conventional wisdom to save 10 percent of each check in order to build up savings.Many students may have loans that they'll need to start paying off. It's important to come up with a strong debt repayment strategy. Due…

Comment
25 Apr 2012

A recent report by McKinsey and Co. shows that older and affluent Canadians will have more trouble maintaining their lifestyle into retirement than poorer citizens that rely on government programs, according to Monevyille.ca.The report concludes the Canadian retirement system is "in a stronger position than many of its global peers." Affluent Canadians are predicted to maintain their lifestyle at a lower rate than poorer citizens, which at first seems backwards. However, the richer citizens studied in the report have to spend more in order to keep their lifestyle uninterrupted. The poorer Canadians, meanwhile, can rely on government programs and do not have to spend as much to maintain their modest lifestyle.According to report author Fabrice Morin, the study did not…

Comment
25 Apr 2012

It's long been talked about, but it appears that the province of Quebec is moving closer to eventual independence, according to comments made by ex-politician Michael Ignatieff.Ignatieff gave an interview with the BBC regarding the state of Scottish independence in the United Kingdom. The ex-Liberal leader compared the situation to that of Quebec. The U.K. recently gave Scotland more autonomy, as Canada did Quebec, but Ignatieff calls this a "temporary solution."Ultimately, the former politician contends that Quebec and Canada have become too different, and the optimism he had for a united country years ago has fallen by the wayside."The problem here is we don’t have anything to say to each other anymore," he reportedly said. "There’s a kind of contract…

Comment
24 Apr 2012

The concept of spring cleaning isn't solely for physical spaces in this day and age. It's also a good idea to clean up your computer as well, writes Moneyville.ca.Whereas in the past people may have gone through filing cabinets, today most document storage is digital. That's why it pays to take some time and sort through it all. Organize everything into easy-to-find files and folders.This is also a good time to go through some added security. Use an external hard drive in order to back up important documents, photos and other data. Look into anti-virus and anti-malware software and ensure that all of your protection is up to date. It's also a good idea to use the built-in system tools…

Comment
20 Apr 2012

Spring cleaning is not solely about breaking out the mops and brooms – it also means going through all of your stuff and choosing what to keep and what to throw away. Whether it's a garage, attic or closet, nearly every homeowner has that one area of the house that is filling up with junk. It can be beneficial to sort through these old items and decide what's worth keeping.People hang on to old items for a variety of reasons, reports The Globe and Mail, and sorting through objects can bring up numerous psychological issues. For example, many people feel guilty throwing away birthday and Christmas cards, so they hang on to them. Other items may have sentimental value, or…

Comment
20 Apr 2012

With the economic downturn still taking a toll on many Americans, some homeowners who are planning on selling their house are looking to avoid the high commissions many real estate agents charge. The result is a new trend of people selling houses on their own, or with minimal input from real estate experts, reports Moneyville.ca.Several new companies allow homeowners to choose how much input they'd like to have from an agent. Those who take a few consultations or ask a few questions can end up paying commissions like 2 percent or even half-a-percent – a bargain compared to the 6 percent and up that some real estate agents charge.Yet one seller, who wished to remain anonymous, says he was glad…

Comment
20 Apr 2012

Nearly every homeowner selling their property holds some type of "open house," where interested buyers can take a look around. However, there's some debate as to how useful these events are, reports Moneyville.ca.According to the news source, open houses are generally a good idea, as they maximize the number of potential buyers for the home in a short amount of time. Yet there are some steps that homeowners need to take before putting on an open house.De-cluttering the house is step one, as a messy house will actually decrease the bids you would otherwise get. It may be a good idea to temporarily rent a storage locker in order to store excess furniture and other items.Theft is a very real…

Comment
19 Apr 2012

Toronto is already home to a wealth of entertainment options, but the city could soon be getting a few more. The National Post reports casino companies MGM Grand and Caesar's Entertainment are both eyeing potential opportunities to open up a casino in Toronto.Bringing a casino into a city is typically a long process, and no formal talks have taken place yet. However, Caesar's confirmed its interest to the news outlet and MGM rumors have been swirling for years.Casinos tend to draw opposition from some groups, who argue that introducing gambling to a city can bring problems. Yet there's no denying the economic benefits, and Toronto leaders appear open to the possibility."I'll meet with anyone," Mayor Rob Ford told the news…

Comment
19 Apr 2012

Buying a house can be a stressful process, but a new trend is making it even more difficult in some cases, reports the Financial Post.Hot real estate markets like Toronto are seeing very high prices being paid for homes – but this doesn't mean that the buyer and the bank see eye to eye. Mortgage companies are frequently giving appraisals that come up short of what the buyer agreed to pay, resulting in issues with financing.For example, a buyer may pay $450,000 for a house, only for the mortgage company to do an appraisal that puts the value at $400,000. Essentially, if the bank decides that the buyer overpaid, they'll be forced to find another way to make up the…

Comment
18 Apr 2012

A new report from the Canadian Real Estate Association shows that the market is cooling in many parts of the country, but remains red-hot in Toronto.Just a few months ago, Vancouver was the city with high sales and even higher prices for new homes. Now, the focus has shifted to Toronto. While the average price of a home in many major Canadian cities fell in March, according to the report, Toronto's prices jumped by more than 10 percent.Overall, prices for Canadian homes were down 0.5 percent. However, sales of new houses rose by 2.5 percent compared to the previous month, indicating that there's still a market for homes in Canada.One way for home buyers to save money is to supplement…

Comment
18 Apr 2012

A new report by the Health Care Council of Canada indicates that those who are shouldering the responsibility of caring for an aging loved one alone are in distress, reports The Toronto Star.The report indicates that family members spend anywhere between 18 to 30 hours per week solely on caregiving, depending on the senior's needs. Seniors with "very high" needs are much more likely to have caregivers that report being "in distress" according to the report.The study questions whether the country is doing enough to support caregivers, either through home care workers or assisting with nursing home costs.Putting a loved one into a senior care facility can be a difficult decision, but may be a necessary one. One adjustment for…

Comment
Essential SSL