A new study says your parents just may be more willing to give you some cash to move out instead of letting you live at home. 76% of Canadian parents…
It’s Canada’s largest-ever transfer of wealth: Canadian Baby Boomers will be on the receiving end of inheritance worth a total of $750-billion over the next decade.
Have home sales peaked? The Canadian Real Estate Association seems to think so. But despite limited numbers of homes available for purchase in the country’s two hottest real estate markets, Canadians can expect to see steady gains in price of homes and demand in most markets over the coming months.
Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?
What are reverse mortgages and how do they work? Many baby boomers turn to this finance product to free home additional cash – but that debt comes at a price. Here’s what you need to know.
Baby boomer business owners are becoming much more common. As many delay their retirement until later in life, or are looking for ways to supplement their savings and income, entrepreneurship is becoming a popular option for boomers.
“Grey divorce” rates have increased among Canadians aged over 55. Splitting later in life presents unique financial challenges as boomers look to start over while keeping their retirement plans on solid ground.
RRSPs are one of the most effective ways to save for retirement and get a break on your taxes. But are you using yours to its full potential?
Each generation has its own economic challenges. As a result, the way you approach money management or a savings plan may differ, depending on your age group. Check out our effective savings tips, geared toward your specific generation.
Should you get a mortgage, or are you better off renting? We break down the numbers behind the age old housing question.