Ditching home ownership and becoming a millionaire instead + MORE Apr 26th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Alberta government names former PM Harper as AIMCo board chair, reappoints three former members - Calgary Herald + MORE Nov 20th

Alberta government names former PM Harper as AIMCo board chair, reappoints three former members  Calgary HeraldStephen Harper appointed chairman of Alberta Investment Management Corporation  CBC.caStephen Harper appointed to oversee $160B AIMCo fund  Global News Toronto.... More »

Six big retirement mistakes – what I’m doing about them Feb 14th

Save, invest, prosper with My Own Advisor. Six big retirement mistakes – what I’m doing about them Recently Jason Heath, a fee-only financial planner, outlined a number of mistakes investors make when it comes to retirement planning and/or investing during retirement.  I thought I’d outli.... More »
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How to save and invest smarter: What Canadians need to know Dec 31st

The current economy is impacting how Canadians save and invest. According to a recent survey by TD, 65% of Canadians reported that the high cost of living is impacting their ability to meet their financial goals. Many Canadians are turning to their savings accounts to manage growing financial pre.... More »
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How to Attract Top Talent—and Keep Them + MORE Jun 9th

It’s no secret. After a banner year for tech company investment, a push to digitize businesses in response to the pandemic and the so-called Great Resignation, employers are scrambling to hire and retain skilled tech employees. A recent KPMG Business Outlook Poll suggests that nearly 80 per cent o.... More »

Location is top factor for job hunters faced with steep housing costs Oct 28th

Sky-high real estate prices are making location-based career decisions increasingly common..... More »
BCE Inc. is now estimating its full-year adjusted earnings per share will be no higher than $3.40 per share, which is below the low end of its previous estimate issued in February.

Continue Reading On cbc.ca »

The path to real estate bubble panic
Canada’s red hot housing market—fuelled primarily by soaring prices first in Vancouver, and now in Toronto—has drawn many a bubble warning from some real estate watchers. But there were others who once talked down bubble fears. However with prices in Canada’s largest city climbing at more than 25 per cent a year, bubble warnings have surged too.
We track the observations of economists, politicians and regulators as they watched Canadian house prices heat up over the past few years and finally become so hot in Toronto that officials at all levels of government have scrambled to intervene in an attempt to cool it off.
The emojis in the graph represent the various stages of bubble anxiety—from calm to frantic—for the six individuals we looked at. Tap each to read their quote from that time.
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Continue Reading On macleans.ca »

Ditching home ownership and becoming a millionaire insteadSave, invest, prosper with My Own Advisor.
Ditching home ownership and becoming a millionaire instead
You might already know from the recent posts on my site, I’m more interested in FIRE – which stands for Financial Independence Retire Early in the personal financial community.
Here are some recent articles on this subject:
Is FIRE right for you?
How to achieve FIRE from Get FIRE’d asap
In the latter article, Aussie investor Martin achieved his financial independence through real estate investing initiated from home equity leverage.  Those decisions are not for the faint of heart.  However, by all accounts he worked hard, had some luck and realized his dream.
Today’s post is the antithesis of what Martin did, and this couple was equally successful all the same.  Meet FIRECracker from Millennial Revolution.  She and her husband outright rejected home ownership, and invested their money instead, diligently.  In doing so they amassed a seven figure portfolio throughout their 20s to formally retire from their 9-to-5 jobs at the age of……

Continue Reading On myownadvisor.ca »

All eyes will be on Home Capital Group Inc. again on Thursday to see if the alternative mortgage lender’s stock will continue to slide.

Continue Reading On theglobeandmail.com »

Home Capital shares tumble after the company said the terms of a new $2-billion line of credit it is arranging will leave it unable to achieve its financial targets.

Continue Reading On cbc.ca »

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