Friday, October 29, 2010

Short Takes: Discount Brokerage Comparison, Red-Tagged Furnaces, and more

Money Smarts came out with a thorough comparison of Canadian discount brokerages. There are two handy tables for easy comparison along with detailed notes on each brokerage. The column that concerns me the most is Forex fees.

Ellen Roseman finds a number of consumers complaining that their furnaces were “red-tagged” by technicians to boost sales of new furnaces. If these claims are true then homeowners need to be very careful about who they choose to clean and inspect their furnaces.

Rob Carrick finds serious flaws in the way that banks determine how much you can borrow for a mortgage.

Larry MacDonald (this web page has disappeared) concluded his thorough analysis of central vacuums before making his selection. I must admit that I just scanned some online information, went to a store, and bought a new central vacuum all in one day.

Canadian Capitalist updated us on the battle over the real estate Multiple Listing Service (MLS) last week. I won’t hold my breath waiting for reasonable real estate agent fees.

Big Cajun Man says that TD Canada Trust plans to open branches on Sundays and asks whether this service is really needed. My take is that it doesn’t matter whether it is needed; what matters is whether it is wanted and profitable.

Financial Highway looks at the wisdom or folly of using retirement funds to pay for your kids’ education.

Preet Banerjee compares variable-rate to fixed-rate mortgages. Either way, make sure you’ll be okay if rates rise by the time you have to renew.

Million Dollar Journey gives us a look inside a demi-millionaire’s wallet.

3 comments:

  1. Thanks for the link.

    Yes, forex fees are a concern. I'm going to do a post or two on that soon.

    Mike

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  2. Thanks for the link! Have a great weekend!

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  3. Thanks for the mention Michael. I'm a little bit more positive on the MLS battle. I think we are going to see much more competition among real estate brokers.

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