Housing market slowdown continues with sales and average prices well down from last year – CBC News + MORE Oct 14th

Housing market slowdown continues with sales and average prices well down from last year  CBC NewsReal estate: Canadian home sales continue to slow  CTV NewsCREA reports home sales in typically busy September continued to slow  NewmarketToday.caCanada’s average home price in September was down 6.6% from last year, CREA says  Global NewsHome Prices Fall for 7th Month in Canada on Mortgage-Rate Spike  BNN BloombergView Full coverage on Google News

With the current volatility of today’s market, I have seen my LIRA investment bounce up to almost $90,000 earlier this year, to almost $20,000 less today. That said, it is in a medium- to high-risk portfolio at the moment.

With any luck, I probably still have approximately 18 more years I could potentially be working, however I cannot contribute anything to this LIRA. I am interested in knowing the following:

Should I move it to GIC investments?I am interested in investing in a mortgage fund, but can I, and how?

—Sharon

How to deal with market volatility as a long-term investor

This year has been a brutal one for investors. Stocks are down, bonds are down, real estate is down—there has been nowhere to hide.

The Toronto Stock Exchange net total return is negative 11% year-to-date. The S&P 500 has been much worse, with a 23% drop. Canadian bonds, as measured by the FTSE Canada Universe Bond Index, have lost 13%.

If your locked-in retirement account (LIRA) has gone from $90,000 to just over $70,000, Sharon, it sounds like you are down about 20% in 2022…

Mortgage brokers need to constantly reinvent themselves in today’s constantly evolving housing market.