June home sales fall 6.7%; Toronto sees third monthly decline + MORE Jul 17th

Canadian Real Estate Association says June drop from month earlier levels was biggest since 2010

Home sales fell in June by their largest amount in seven years, the Canadian Real Estate Association said Monday, as nearly three-quarters of all markets slowed down during what is normally the most popular time of the year for real estate.

A study shows that people whose parents were in financial trouble were more likely to also be in financial trouble.

CTV NewsHome sales see biggest monthly decline since 2010CTV NewsOTTAWA — The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline. The association says sales for June were down 6.7 per cent compared with May on …and more »

Nino D’Andrea
AGE: 46
PLACE: Toronto
TFSA TOTAL: $62,000
STRATEGY: Just REITs

Me and my TFSA
Nino D’Andrea is a general manager in the manufacturing industry. He’s been contributing to TFSAs since they started back in 2010. “In make the full contribution on the first Monday of every year,” says D’Andrea, who loves the tax-free capital gains that TFSAs offer.
D’Andrea first became interested in investing more than 15 years ago. “I bought Nortel shares when they were 67 cents and sold them when they reached $3,” he says. “It was easy and I thought I was so smart.” So when it came time to make his first TFSA contribution he decided to buy a stock.
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His first choice was Encana—“a real loser,” he says. In fact, D’Andrea bought it at $30 a share with that first contribution and sold it at about $10 in 2015. “I watched it fall all the way down,” he says. That’s when he knew he had to change his strategy. “I realized I wasn’t so smart after all and since I was getting closer to retirement, I wanted something safer that would provide me with a regular income stream to grow for retirement…