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The Silver Tsunami: Unmasking The Profound Impact Of Baby Boomer Retirement On Canada’s Real Estate Market

Canada will enter a transformative era as the baby boomer generation gracefully transitions into retirement. This demographic shift is going to have far-reaching consequences, particularly within the real estate market. In this text, we delve into the multifaceted angles of how baby boomer retirement will affect Canada's real estate landscape, with a special focus on…

ByJohn WilsonJune 26, 2023

Financial News

This Colorful New Toonie Might Show Up In Your Pocket This Summer

The Royal Canadian Mint is releasing a new $2 commemorative circulation coin on Wednesday, June 21, in honor of National Indigenous Peoples Day. According to the Mint, this is the first time that three different artists have collaborated on a single reverse (tails) design for a Canadian circulation coin. Megan Currie from English River First…

ByJohn WilsonJune 22, 2023

Important Dates Resources

Canada Pension Plan Payments Schedule For 2023

The Canada Pension Plan (CPP) is a crucial part of Canada's social security system, providing financial security to workers and their families in the event of retirement, disability, or death. In this article, we'll dive into the details of the CPP and how it works, including who is eligible for benefits, how contributions are calculated…

ByJohn WilsonJune 19, 2023

Economy Financial News

Unraveling The June 7th Rate Hike: Understanding The Rationale Behind Bank Of Canada’s Decision

The recent decision by the Bank of Canada to raise interest rates to 4.75% has left many Canadians perplexed, especially considering the challenges individuals face in making ends meet and the burden it imposes on mortgage holders nationwide. Here, we will provide insights into the factors that influenced the Bank of Canada's decision and we'll…

ByJohn WilsonJune 14, 2023

rising cost of interest rate mortgage canada

Mortgage Personal Finance

The Rising Cost Of Mortgage Debt After Canada’s Interest Rate Hikes

As interest rates in Canada have recently surged to 4.75%, homeowners and potential buyers are faced with the implications of a higher cost of servicing mortgage debt. This will be amplified by the fact that rates are still below historical norms and may very well head much higher. This article explores the impact of rising…

ByJohn WilsonJune 13, 2023

Debt Personal Finance

Unveiling The Historical Norm: Preparing For A Return To Higher Interest Rates In Canada

Canada experienced an unprecedented period of historically low interest rates from 2009 to 2020. However, as we move into an era of rate hikes after rate hikes, it is important to recognize that this low interest rate environment was actually an outlier and to prepare for the future. This analysis aims to shed light on…

ByJohn WilsonJune 12, 2023

blue 20% on a black background, interest rates of certain credit cards in Canada

Credit Cards Personal Finance

Tackling Credit Card Debt In Canada’s High-Interest Rate Environment

With credit card interest rates soaring above 20% in Canada's current interest rate environment that has seen even the Bank of Canada’s rate jump at 4.75%, credit card debt has become a pressing concern for consumers. This post explores the implications of rising interest rates on credit card debt and provides actionable strategies to effectively…

ByJohn WilsonJune 11, 2023

a coin being inserted in a piggybank, representing the rise of interest rates in Canada and its consequences on debt

Debt Personal Finance

Navigating Canada’s Rising Interest Rates: 9 Strategies to Eliminate Debt

In the wake of the Bank of Canada's recent decision to raise interest rates to 4.75%, Canadians find themselves facing a new, harsher financial reality. With higher costs associated with borrowing money, it becomes very important for individuals to prioritize debt reduction strategies. The following article will provide you with actionable tips and insights on…

ByJohn WilsonJune 10, 2023

Mortgage Personal Finance

How Big Of A Mortgage Can I Afford?

As a homeowner, one of the biggest financial decisions you will make is how much mortgage you can afford. With rising interest rates and a still-mostly-growing real estate market, many Canadians seem to still want to jump into the housing market. However, it is essential to have a realistic understanding of what you can afford…

ByJohn WilsonFebruary 8, 2023