Cat Young describes the costs of buying and selling her condo.
“Financially paralyzed”: Half of Canadians living bill-to-bill, poll finds
More than half of Canadians are feeling “financially paralyzed” amid the surging cost of living, according to a new poll. Fifty-five per cent of Canadians used that language to describe their finances, according to the survey commissioned by the Royal Bank of Canada (RBC). Nearly half (48 per cent) added they could no longer afford […]
Is now the time to buy a condo in Toronto?
After a sluggish year for Toronto’s real estate market, big interest rate cuts have set the stage for change in 2025. CBC’s Talia Ricci spoke to experts to find out what’s in store for buyers and renters this year. Published: 2025-01-02 If you decide to buy a new construction condo in Ontario, check out this […]
Toughest time ever to buy a home in Canada?
It may be the hardest time in history to buy a home in this country, according to a new study by RBC economists. Andrew Chang breaks down the data to understand why it’s so much harder today to afford a home than it has been in previous decades, and whether any relief is on the […]
Why Are So Many Big City Condos Sitting Empty?
In the midst of a housing supply crisis, thousands of condos in Canada’s largest cities are sitting empty. Most, experts say, are less than 500 square feet. Andrew Chang explains why there’s been an explosion of these so-called ‘shoebox’ condos, and why they’re suddenly struggling to sell. If you decide to buy a new construction […]
The Mexican Fisherman and Investment Banker Parable
This is a short parable I first read in MoneySense many years ago. I recently thought about it again and searched for it and I want to share it with you. I do think it is such a fantastic parable, especially during these crazy times of higher inflation, higher interest rates to fight inflation, excessive […]
Why Canadian Housing Will Continue to Rise
One reason I’ve stayed out of real estate for a long time is because I keep thinking it’s overvalued. Just watch a video like this and you’ll understand. But, take a look at how much real estate is part of our GDP in Canada. Source: Statista. It’s a huge portion. It’s the biggest portion of […]
Saving for Retirement: Employee vs. Consultant
As a former IT contractor for over 10 years, I’ve often heard people say how they’re afraid to become a contractor, even though they also say they envy being one. The main reason being the insecurity. So, I see the biggest fear or obstacle for individuals to become a consultant or contractor is the “lack […]