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New | Money: what young people really want to know View Now. ×

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How young adults and the whole country win with a tougher mortgage stress test for home buyers

In the News   |   April 9, 2021

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Almost everything in real estate has changed since the federal banking regulator opened the door early last year to easing a mortgage rate stress test applied to home buyers. The pandemic arrived, interest rates plunged... read more

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Should this young couple pay down their mortgage or invest?

Articles of Interest   |   March 8, 2021

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At 25 years of age, Liz and Tom have a $1.2-million house in Toronto and a mortgage of nearly $750,000. Tom earns $80,000 a year plus overtime as a skilled tradesman; Liz earns $66,000 a... read more

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Shut out: A well-qualified millennial home seeker throws up his hands after losing multiple bidding wars

In the News   |   March 5, 2021

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In a hot housing market, it means nothing that you have a household income of more than $200,000 and a down payment of $450,000. A 33-year-old buyer named Greg learned this lesson in early 2021.... read more

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Young people are turning their backs on an investment that turns 50 cents into a dollar, guaranteed

In the News   |   February 5, 2021

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Olympic levels of eye-rolling have been set in motion by the recent adventures of young adult investors. The investing establishment thinks very little of what Gen Z and millennial investors are doing with their commission-free... read more

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Teenagers, don’t be swayed by bank pitches of cash and free electronics. Do your own research instead

Articles of Interest   |   January 25, 2021

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It has been a tough year for the under-20 crowd. Lockdowns, fluid class schedules and cancelled extracurriculars are now the norm. And there are the masks – so many masks. As a teen in 2021,... read more

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Four ways your personal finances will be tested in 2021

Articles of Interest   |   January 4, 2021

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A year as financially bizarre as 2020 can only be followed by a period of readjustment. So prepare yourself for some surprises on the way back to normalcy – or at least to a new... read more

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Rate-wise, this may be a once-in-a-generation chance to buy a home

In the News   |   December 16, 2020

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A personal finance lesson of the past 12 years is that interest-rate forecasts are close to useless – just plan for rates to fall. Keep this in mind as we look at whether the rate... read more

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Yes, you can find 20 per cent interest rates in 2020. But you won’t like them

In the News   |   December 8, 2020

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We live in a world of constant disruption, credit card interest rates excepted. Most cards have for years carried an interest rate of 19.99 per cent, a few have been pegged at 20.99 and there... read more

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The CPP premium hike for 2021 looks bad, but it will do a lot of good

In the News   |   December 3, 2020

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In a year of plenty, we’d shrug off the coming increase in the amount of our paycheques that goes toward Canada Pension Plan premiums. But this is the year of plenty awful. Both employees and... read more

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Au contraire: Maybe now is the right time to buy a condo

In the News   |   November 30, 2020

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Living the downtown condo lifestyle stopped being cool in mid-March, 2020. That’s when the economy was put into a COVID-fighting lockdown and lot of us started working from home. The housing market hasn’t been the... read more

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How renters, buyers and others can push back against people judging their personal financial situation

In the News   |   November 17, 2020

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To talk about your personal finances is to risk being judged. And so, we have a lot of people who hate talking about money. As part of Financial Literacy Month, Toronto-Dominion Bank recently issued a... read more

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The truth is that renting is a smart option

In the News   |   October 26, 2020

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One of the best takes I’ve seen lately on home ownership can be found in the New Lease series on Refinery29, a website for young women. So I asked Carley Fortune, executive editor at Refinery29′s Canadian operation,... read more

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The five most important numbers for checking the health of your personal finances

In the News   |   October 23, 2020

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A health check for your finances is a must in this year of the pandemic. For financial extremes, 2020 is unparalleled. Jobs and incomes were decimated while stocks and houses soared in price. Savings were... read more

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Hey, wasn’t saving more money during COVID-19 supposed to make us feel better about our finances?

In the News   |   September 22, 2020

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Having a whack of money in a savings account is smart personal finance, and not just in a pandemic. But let’s not oversell the benefits. A cash cushion will help your finances, but not necessarily... read more

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The ‘decade of the home’ is coming – will young adults be locked out?

In the News   |   September 18, 2020

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Our homes are going to be even more central to our lives in the next decade. You’ll find a lot of millennials and members of Gen Z watching this trend from their vantage point in... read more

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