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

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6

Mo

Managing your personal finances on a smartphone? It’s addictive

Articles of Interest   |   July 27, 2021

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My smartphone ate my wallet, and I couldn’t be happier about it. In the past six months, I have migrated a lot of my banking, investing and monitoring of reward cards to my phone. My... read more

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Inflation, as tracked in bagels, bacon and pints of beer

In the News   |   July 21, 2021

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My recent shout-out asking for examples of inflation produced a full shopping list full of examples. We know inflation is on the rise – we started the year with prices rising 1 per cent year over year... read more

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6

Mo

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A financial shock is coming for those who jumped into the housing market during the COVID-19 pandemic

In the News   |   June 29, 2021

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Opening the economy is going to be very educational for recent first-time home buyers. The pandemic was the worst thing ever to happen to Canada’s housing market if you’re a buyer. But let’s not ignore... read more

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Mo

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Frustrated homebuyers, renting is not a ‘financial coffin’

In the News   |   May 12, 2021

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  A certain four-letter word comes up a lot when financial planners address young adult clients who fear they will never own a house. The word is rent. R-e-n-t. Say it with me and then... read more

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Mo

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The housing boom is ripping apart the financial fabric of Canadian life

In the News   |   April 30, 2021

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The rapid acceleration in housing prices is causing tremendous stress to the personal finances of individual households and the nation as a whole. If it’s not vaccinations dominating conversations these days, it’s housing. The national... read more

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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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Mo

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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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6

Mo

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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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6

Mo

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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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Mo

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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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6

Mo

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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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Mo

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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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Mo

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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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Mo

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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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Mo

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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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Mo