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financial facelift
Can Lionel and Paula help their child buy a house and still afford to travel?
newcomer’s guide to finances
How to rent and save for a down payment when you’re just starting out
cost of living
The ‘Bank of Mom and Dad’ is no longer just for down payments
A new report by TD Economics predicts Canadian home sales and average prices will fall in the final quarter of the year and into 2024 but then pick up by the second quarter of 2024. A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
financial facelift
Can Bert, 62, and Lois, 63, afford to retire and buy a vacation property?
Sept. 25, 2023. (Christopher Katsarov/The Globe and Mail)
report on business
Federal government could spur rental construction with tax incentives, financing: experts
A new condo construction site is seen in downtown Toronto on Thursday, May 25, 2023. THE CANADIAN PRESS/Chris Young
carrick on money
Saving to buy a house? Here’s where to put your money
Rob Carrick
cost of living
Why living with your parents in your 20s is becoming common financial advice
Rear view of happy mother and daughter standing embracing at window. Senior and mid adult women hugging and talking at home. Family relationships concept
report on business
Comparing down payments across cities, and mortgage rates take a dip: This week’s top real estate stories
Home of the Week, 4390 Anderson St., Whitby, Ont.
opinion
The good, the sad and the unaffordable: Saving for a home down payment in Canada’s big cities
Rob Carrick
calgary & edmonton real estate
Renters in Calgary, Edmonton pay more for housing than homeowners, study says
Annette Anderson is photographed at her home in Calgary on Monday, Jan. 23, 2023. Anderson, who works as a school librarian, spends over 50 per cent of her income on the rental home she has lived in with her son for the past two years. (Photo by {photog/Globe and Mail)
investor newsletter
How to start saving for a house down payment and make an annual return of 5%. Plus, the lure of covered-call ETFs
Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. THE CANADIAN PRESS/Jeff McIntosh
report on business
Private mortgage lenders raise qualification standards, reducing options for weakest borrowers
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
the architourist
A taste of the 1950s in Scarborough’s ‘Ben jungle’
Dave LeBlanc
opinion
Three ways advisors can win over a new generation of investors
Donna Bristow
financial facelift
Are Barry and Beth saving enough to retire at 62, help their kids with down payments and take a big trip soon?
Financial Facelift in Etobicoke, Ont., on Friday, July 22, 2022.
your practice
How to deal with negative equity concerns as mortgage rates soar
FILE - In this Thursday, Feb. 18, 2021, file photo, a new home is for sale in Madison, Ga. Mortgage buyer Freddie Mac reported Thursday, July 14, 2022, that the 30-year rate rose to 5.51% from 5.30% last week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate again. (AP Photo/John Bazemore, File)
report on business
It’s taking Canadians years longer to save for a down payment, data show
Umair Muhammad (and sometimes his son Yaseen Bashir) from Generation Squeeze in Ottawa July 6, 2022. Photograph by Blair Gable
your practice
How to share values and wealth with grandchildren effectively
If you’ve maxed out your RRSPs and carry little debt, your grandchildren might appreciate some help with their education.
globe drive
Should you put a large down payment on a new car lease?
Woman buying a car and salesman handling keys
advisor news
How to maximize the flexibility that spousal RRSPs add to retirement planning
Young couple using digital tablet with their financial advisor in the office.
opinion
Mortgage Rundown: Can cottage mania last when the average Canadian has been priced out?
Robert McLister
household finances
Monthly payment for new mortgage on a typical home is up nearly $800 from October, one analysis shows
A For Sale sign sits outside a Toronto home.
tax matters
New Tax-Free First Home Savings Account provides flexibility
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. The Ontario Real Estate Association says London broker Stacey Evoy is its new president. THE CANADIAN PRESS/Sean Kilpatrick
report on business
Will a new tax-free savings account help homebuyers? Experts offer mixed reviews
(FILES) In this file photo taken on July 30, 2021, a man walks along a street in a neighborhood of single family homes in Los Angeles, California. - US homebuyers got a slight respite from rising prices in September, and sales of existing homes rebounded after dipping in August, according to industry data released on October 21, 2021. Shortages of workers and building supplies have drained the supply of housing as buyers have taken advantage of low mortgage rates during the Covid-19 pandemic to trade up, move to the suburbs or buy for the first time. And that in turn sent prices soaring. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
carrick on money
A car-buying strategy for young adults in a time of expensive gasoline
Rob Carrick
featured reports
Stress Test French transcript: Parents are bankrolling their kids’ house down payments - but can they afford it?
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40.
featured reports
Stress Test transcript: Parents are bankrolling their kids’ house down payments - but can they afford it?
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40.
young money
Can financial planners adjust to parents giving kids their inheritance early to buy homes?
FILE PHOTO: A realtor's for sale sign stands outside a house that had been sold in Toronto, Ontario, Canada May 20, 2021. REUTERS/Chris Helgren/File Photo
inside the market
A 22-year-old’s dilemma: Save for retirement or a house down payment?
Illustration of how people struggle to choose whether Canada's Registered Retirement Savings Plan or Tax Free Savings Account are the best place to invest their money
inside the market
Rob Carrick: How to set up a house down payment savings fund for a child
opinion
How advisors can support clients with adult children coming back home
Alexandra Horwood
young money
Their rent doubled since the pandemic - how will they save for a house down payment?
Melinda Johnson photographed outside of her home in Trenton, Ontario. Since moving to the Bay Of Quinte area from Bancroft 8 years ago, Melinda, her husband and their four children had moved 6 times. “All my landlords sold their houses we’ve been renting in the past 8 years. With each move, the rent goes up and it has become totally unaffordable for us to rent” Said Melinda. She’s currently paying $2,080 a month in rent for the 4 bedroom house. As of January, 2022, her rent will go up to $2,150 plus utilities. (Johnny C.Y. Lam for the Globe and Mail).
politics
Ottawa looks to tamp down on investment homes
Liberal MP for York South-Weston Ahmed Hussen rises during question period on Tuesday, Dec. 7, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
financial facelift
Can Ashley afford a down payment on a house in pricey Toronto and still hit her other financial goals?
(Galit Rodan/The Globe and Mail) ***DO NOT IDENTIFY, FOR FINANCIAL FACELIFT ONLY***
opinion
Parenting in 2021 means cramming a house down payment for the kids into your retirement plan
Rob Carrick
carrick on money
Big wedding or save money for a home down payment?
Rob Carrick