With the real estate market booming, housing is becoming increasingly expensive. There seems to be no end in sight for home price increases. The average detached home costs over $1.1 million in Toronto and Vancouver. With home prices heading towards the stratosphere, first-time homebuyers face the risk of being priced out of the real estate market.
Category Archives: Personal Finance
Purchasing your first home is a major life-altering decision. Similar to getting married and starting a family, buying your first property has a major impact on your life and finances. Before you can purchase a home, it’s important to prepare ahead of time. Here are three things to consider when purchasing your first home.
Most of us have heard the horror stories of misusing credit cards. Exorbitant fees, sky-high interest rates, and financial ruin are all there in gruesome detail. On the other side of the coin, financial writers tout the virtues of credit cards; rewards, credit-building, and convenience.
We’re not here to sugar coat the reality of using credit cards – if credit cards are not used responsibly, bad things can and do happen!
The purpose of this 8 step credit card guide is to, well…guide you through the process of choosing, using, and managing a credit card responsibly. Through responsible use, we’re strong believers that credit cards can help improve people’s finances. This guide will help prepare you for that journey.
With Financial Literacy month all wrapped up, we think it’s important to remember that improving financial literacy for all people should be a top priority for individuals, governments, and companies. With a better understanding of financial literacy, everyone is likely to be better off.
If you think Millennials have it tough these days, you’re not alone. Record-level student debt, rising home prices, stagnant wages, and the disappearance of workplace pension plans, are just a few of the challenges faced by today’s young people.
November is Financial Literacy Month in Canada. It’s the one month each year the spotlight is shone on financial literacy – or the lack thereof. While most people can read and write, far too many Canadians consider themselves financially illiterate. It’s hard to reach your long-term goals if you don’t know how to prepare a budget and regularly misuse your credit card. Here are our best tips towards financial success.