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Carrick on money: The number that shows Canadian homes are overvalued

Past surveys by Statistics Canada have shown that those who do not own their homes were much more likely to claim to have inadequate resources to retire.

Deborah Baic/The Globe and Mail

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The number that shows Canadian homes are overvalued
Look to the relationship between income and prices, this article from a CBC business commentator says. The traditional relationship is for properties to be about three times income. In Vancouver, the ratio is now around 10; in Toronto, seven.

Why you shouldn't double dip at the movies
Sneaking from one movie into another at the multiplex is a no-no, The Moneyologist blog says here.

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12 ways to survive a forced early retirement
What to do if you find yourself out of a job before you were ready to retire.

Why a MacBook can be a frugal choice
If you've shopped computers lately, you know that Apple's MacBooks come at premium prices. Here, a blogger argues that quality justifies spending the extra money.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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