While the word “retirement” makes up one of the four letters in the RRSP acronym, many investors just starting out may not realize that an RRSP can be useful for many things other than post-work income. RRSPs can be used, for example, (1) to generate an emergency source of income after unexpected job loss; […]
Overbuilding on the rise in certain Canadian real estate markets – CMHC
TORONTO – Overbuilding is on the rise in the Calgary, Saskatoon, Regina and Ottawa real estate markets, according to the latest report from Canada Mortgage and Housing Corporation. The housing agency says it uses two main factors to gauge overbuilding: the rental market vacancy rate and the inventory of completed, unsold units per 10,000 […]
Let’s Talk About The Corporatization of Mental Health
A subway poster reads: “On January 27, let’s turn [sad face emoji] into [happy face emoji],”—a catchy slogan, but one that simplifies the complexities of mental illness. It’s an ad for Bell Let’s Talk Day, a campaign that seeks to end the stigma around mental health and donate money for the cause. The campaign, which […]
House-hunting millennials want ‘move-in ready’ homes: survey
Millennials are entering the housing market in huge numbers. And a recent survey shows that, unlike previous generations, their main priority is finding a home that will need little or no work before they can move in. “Millennials want move-in ready,” said Consumer Reports expert Dan DiClerico. “They want to cook in that kitchen […]
CMHC flags housing market risks in Toronto, Saskatoon, Regina
The federal housing agency says there is a risk of correction in Canadian housing markets in several cities, especially Toronto, Saskatoon and Regina, because of overvaluation and overbuilding of real estate. Canada Mortgage and Housing Corporation looks at housing markets in 15 Canadian cities every quarter, in an effort to detect housing bubbles. Average Canadian […]