Canadian Real Estate Market Surging

The idea of a real estate crash is daunting. During the pandemic, there was lots of talk regarding what could happen to the housing prices in Canada. Surprisingly, July shattered the all-time sales record with 62,355 transactions. This is triple the amount seen in April. “A big part of what we’re seeing right now is

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Consumer Confidence is Reaching Pre-Pandemic Levels

The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, shows consumer confidence is at the highest point since mid-march. This means it has made up more than four-fifths of its losses from the height of the pandemic. A summary of this week’s survey shows about 29% of respondents saying

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Hand Sanitizer, Toilet Paper, and now $50 bills.

Since the pandemic has started, some Canadians have reported the inability to withdraw $50 bills at their local bank. BNN Bloomberg looked into these claims and found some interesting details. Only about 7% of Canadians reported trouble withdrawing cash, but those numbers were primarily from major Canadian cities, including Calgary. This is due to the

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Job Mobility Declines Amidst the Pandemic

After several years of consistent increases, a sudden drop in the willingness for millennials to leave their job has spawned from the COVID-19 pandemic. In 2019, 49% of millennials were willing to leave their job in two years or less, but that number has now dropped to 31%. This shows how millennials, who are typically

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How to Financially Survive the Coronavirus

With the COVID-19 pandemic making the average household tight on money, Warren Buffet has come out with his tips to surviving financially.   Firstly, Buffet says to take advantage of low interest rates. “This is a very good time to borrow money, which means it may not be such a great time to lend money,

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ESG Sustainable Investing

Sustainable investments are growing in popularity. Investors have taken the view that it is their fiduciary responsibility to consider risks associated with climate change, environmental impacts, safety considerations, and legal compliance. Using the considerations known as Environmental, social, and governance (ESG) factors, investors have realized that employing sustainable investment approaches could generate better risk-adjusted returns

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How to Prepare your Finances for Marriage

Though it may seem contentious to discuss earnings and assets with your partner before marriage, it could be a life-saver. Financial partnership with your life-partner is essential. To avoid future clashes, both individuals should be clear about their own goals and financial limits. If both of you are earning, it’s a good idea to consider

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How much money do you need to retire?

Although the official amount differs, on average retired Canadians are living on 62% of what they earned before leaving the workforce. This equates to an average of $3,431 each month on food, housing, health care, leisure, and more. If this doesn’t worry you, you’re not alone. Almost 9 in 10 Canadians they feel positively about

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