Affording your Dream Home
The swirling mill of rumors surrounding the current housing market undoubtedly has many prospective homebuyers anxious about taking the plunge of ownership. Factor in concerns about job market/economic stability and it becomes quite clear why one might fear the prospect of being house proud, but cash poor or badly in debt. Having said that, however, there are [...]
This Just in : BMO Economics Survey Results
The BMO Bank of Montreal survey found that while most Canadian households could survive a stress-test against the possibility of rising interest rates, one in five said a two-percentage-point rise in rates would hamper their ability to afford their home and a further 20 per cent said they didn’t know. In B.C., where Vancouver is [...]
Month of the RRSP
The February 29 RRSP deadline is fast approaching. In considering whether to RRSP or not, many will be considering such things as the state of their bank balance as well as what other investments they will want to make during the year. While those considerations are a good place to start, you might also want [...]
Living Longer and The Rising Cost of Retirement
According to studies, people today are reaching old age in better health and living longer lives. 30 years ago, the average life expectancy of a Canadian male was 75 years – today, this figure has increased to 80 years (The World Bank). Supposing that the average Canadian male retires around the age of 65, the [...]
