Financial Library

Helping Adult Children Buy A Home

Posted on: January 11, 2021

With the average price of a home in Canada 1 costing roughly $530,000 in 2020 , it's getting harder for first-time buyers to enter the market. This is likely why a growing number of parents are stepping up to help their adult children purchase a home. While it's admirable to offer this level of support in an increasingly expensive world, it's also a complex decision that both parents and their adult children should ponder carefully.

Tags: 
estate planning

Protect Yourself From Scams

Posted on: December 7, 2020

According to the Canadian Anti-Fraud Centre, 45,000 Canadians lost more than $96 million to online and telephone scams in 20191. These stats are rising dramatically in our post-COVID reality. In April 2020 alone, there were 6566 reports and 2317 victims defrauded of over $8.3 million. The isolation and anxiety brought about by the global pandemic have inspired con artists to up their game against unsuspecting victims.

Tags: 
fraud protection
protection

Holiday Spending Strategies

Posted on: December 7, 2020

The holiday season is a time for connection and giving, but it can also be costly. According to PwC Canada's 2019 Holiday Outlook report1, Canadians spent an average of $1593 on holiday shopping last year. As this year's present buying season begins, here are some helpful tips that could help you avoid overspending and taking on consumer debt that could follow you into the new year.

Tags: 
financial strategy

The End to a Very Tough Year

Posted on: December 7, 2020

This year has really been like no other. While it started out quite well, at this point, I don't think anyone could deny the impact COVID-19 has had on the world, at least to the Global Economy. Unemployment numbers were very low in Canada and the United States at the beginning of the year but since March, they have been at very uncomfortable levels1,2. Businesses across Canada have struggled especially Small Businesses. Even provinces that haven't had a lot of cases have felt the effects of less tourism/commerce.

Uncertainty Like Nothing You've Ever Seen

Posted on: November 9, 2020

This has been one of the toughest Newsletters I have ever had to write in my entire career… and I've been doing this a long time. I was able to get an extension on when I could submit the Newsletter as the normal deadline wouldn't have allowed me to comment on one of the biggest stories of the year, the US Election. I started writing on November 3rd but with this election unable to be settled the day of, I knew that I would need more time to be able to comment on the outcome.

Simple Strategies To Save On Your Mortgage

Posted on: November 9, 2020

Buying a house is usually the most significant investment decision anyone ever makes. Owning a house also tends to have an outsized impact on a person's overall financial strategy during their lifetime. Buying wisely and choosing the right debt strategy can get you mortgage-free faster. By just following a few simple strategies, you could live in the home of your dreams, shave years off your amortization and save tens of thousands of dollars in interest.

Tags: 
mortgage
mortgage insurance

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