Talking about money is one of the last taboos and can make people feel very uncomfortable – a feeling that’s only amplified when it comes to talking about your parents’ money. However, when a conversation’s difficult, that normally means it’s worthwhile having; and getting transparency on your parents’ financial situation can help you help them make the best financial decisions […]
As I’m sure you know, Canada’s housing market is on fire, and has been for several years. According to the Canadian Real Estate Association (CREA), between April 2020 and April 2021 – despite a global pandemic – the average house price rose by a whopping 41.9%, rising to $696,000. And data from previous years is similarly impressive. This is, of […]
More and more Canadians are choosing to buy a second property in retirement. Reasons for doing this vary. Some want to reap the rewards of a lifetime of saving and treat themselves to a vacation home. Others, on the other hand, view their second property as an investment, intending to rent it out and use the rent to bolster their […]
According to a report by Mustel Group and Sotheby’s International Realty Canada, 86% of Canadian baby boomers and older homeowners want to live in their home for as long as possible. However, given the challenges associated with aging – such as reduced mobility and memory loss – many question whether they may be better off in an assisted living or […]