Numbers from Statistics Canada and the Canadian Real Estate Association show the average national home price is more than seven times the average household income. Combined with the recent rise in interest rates, this has made the dream of owning a house much more difficult. To bring the dream back within reach, the government is stepping in with the creation of the First Home Savings Account (FHSA).
When talking about our finances, we often get caught up in the dollars and cents, and the tangible return on investment (ROI) we can use to improve our lives. But, if that's the main criteria we use when we’re looking for a Financial Advisor, we may miss other important aspects. of the relationship and end up working with an advisor that doesn’t fit with our needs or wants.
After a rather stormy couple of years, the NASDAQ has officially entered bear territory. For many, years of savings have lost value. However, as counterintuitive as it sounds, now is not the time to change your investing strategy.
Getting into the housing market can be intimidating. Not only is a home one of the biggest purchases most Canadians will make in their life, but home prices seem to be spiraling out of control. It’s no wonder that many first-time homebuyers need a little help. The good news is there’s help out there.
Spousal RRSPs are a great savings tool that allows couples to even out their retirement savings and save tax dollars when they need it most – in retirement.
Registered Education Savings Plans, otherwise known as RESPs, allow you to start saving for your child’s future aspirations early. In this blog, we'll cover RESPs in detail and how you can make the most of them.