Articles

Recognizing roots of global energy crisis might help us move toward solutions

Russia’s invasion of Ukraine more than a year ago is one of the great tragedies of the 21st century – millions of lives lost or disrupted, untold destruction, and economic upset throughout the world. The International Energy Agency (IEA) tells us that one of the terrible outcomes of the invasion and subsequent war was to create a global energy crisis (Where things stand in the global energy crisis one year on). In this commentary, IEA Executive Director Fatih Birol says:

Investing in real estate in 2023

Real estate is one of the best – if not, the best – asset class for wealth accumulation and wealth preservation. It generally keeps up with inflation, and it can generate income. While it is sensitive to interest rates and macroeconomic conditions, it is far less volatile than equities/stocks, with equities being the other main wealth accumulation asset class.

Trash talk: are microplastics truly the horror story we are being told?

Those of you who subscribed to BIG Media Ltd. in the news platform’s inaugural year of 2021 might remember a piece I wrote about the power of critical thinking. I examined the idea of a “Great Pacific Garbage Patch” (https://bigmedia.ca/taking-a-critical-look-at-the-great-pacificgarbage-patch/) – an area in the Pacific Ocean reportedly the size of a small country, and so densely packed with floating garbage that it presents a massive environmental hazard.

26% of Canadians intend to buy investment property within five years, survey says

More than a quarter of Canadians have plans to purchase an investment property in the next five years according to a new survey from Royal LePage, while high interest rates have some real estate investors thinking about selling.

The survey, conducted by Leger, found that 26% of respondents said they are likely to buy an investment property within five years. Eleven per cent of Canadians currently own an investment property, and just over half of those investors said they planned to buy another within five years.

Inflation, interest rates to constrict growth in Canadian cities in 2023

Canadian cities will see slow growth throughout 2023 as higher borrowing costs and inflation continue to affect local economies, according to research by the Conference Board of Canada.

“Major cities across Canada have largely recovered from the impacts of the pandemic, but new challenges are on the horizon,” said Jane McIntyre, principal economist at the Conference Board of Canada.

"Reduced consumer confidence across most of the country, inflation, and constricted labour markets will hamper growth in most cities."

Top 10 Signs You Are Working with the Wrong Realtor

Many prospective and current homeowners are familiar with the best qualities of real estate agents – for example, physically attractive, fun, and drive nice cars.

However, I think it is more important to identify bad realtors so you can avoid working with them. Therefore, for the final article of our Special Report on Real Estate, I spent dozens of minutes researching and compiling the Top 10 Signs You Are Working with the Wrong Realtor:

10. She insists that you pay for the limousine that takes you on the pub crawl between showings.

The tale of two (coastal) cities

When I moved to the West Coast from Halifax 22 years ago, I had heard that the Vancouver real estate market was tough to break into. But how bad could it be? I had just sold a beautiful three bedroom heritage house in one of Greater Halifax’s quiet neighbourhoods. It went for $134,000, 40% more than what I had paid for it a decade earlier.