Why are So Many Retirees Choosing to Work?
In the recent labour talks between the Ontario teachers and Ontario’s Ministry of Education, one of the proposals is to reduce the amount of days a retired teacher can fill in as substitute. This, states the proposal, will give younger teachers a chance for more work opportunities. And while this may be one of many…
Read moreThe Magic of 70 Per Cent
70 per cent might equate to a “B” grade in the public school systems; but when that amount reflects our home ownership in Canada, it could be that we’re close to failure. That’s the number that Adrienne Warren, economist at the Bank of Nova Scotia, sees our next census hitting. And it’s gotten a lot…
Read moreThinking of a Cottage? Don’t Forget you Can Rent, Too!
Maybe you’re packing up the things at the cottage ready to say good-bye to another wonderful summer spent in it. Or maybe you missed out on your cottage opportunity this year and you’re organizing your plans to purchase one next year. Whatever’s got you thinking about cottage country, make sure you turn over one specific…
Read moreMajority of Canadian Retirees Carry Some Debt
A new study done by Harris Decima shows that the majority of retired Canadians are in debt. But is that really such a big deal, when the percentage of non-retired Canadians carrying debt is higher than that of their older folks? In fact, it is. Looking at the chart below, you can see the difference…
Read moreWe’re Back, Baby! According to Moody’s Anyway
We know we did good during the recession, right? Our banks remained stable, our housing market didn’t collapse, and while our job market took a few hits, it still remained relatively intact. But we were shaken in June when Moody’s lowered the rating of several of our banks, showing that we might not be standing…
Read moreDemographics to Help Keep Housing Market Afloat
While many economists are predicting a 10 – 15 per cent drop in housing prices over the next several years, Benjamin Tal at CIBC says that it’s the demographics of our country that’s going to keep our housing market afloat. Mr. Tal isn’t the first to bring up demographics in our country in regards to…
Read moreHow to Withdraw from an RESP
It’s that time of year again. Kids are getting ready to go back to school, and older kids that are headed off to college or university are looking for ways to pay for it. Hopefully an RESP has already been set up to help, but how are you supposed to access that money? A lot…
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