Home economics: what to do with your pension when you leave a job; Home inspections left behind

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RBC says home buying attitude is back to pre-pandemic levels

Pandemic restrictions are being lifted across the country, and if you’re wondering how Canadians feel about buying a home, a new RBC survey revealed that home purchase intentions have returned to levels similar to those seen in January 2020, before the onset of the global health crisis. Twenty-three percent of respondents said they were likely to buy a home in the next two years, with 59 percent saying location mattered more than property size.

Inflation vs. rate hikes: which will have the biggest impact on your finances?

An economist from the National Bank argue rising consumer prices will likely weigh more on household balance sheets than the Bank of Canada’s decision to raise interest rates to historic lows. Deputy Chief Economist Matthieu Arseneau said the pain at the pump and in the produce aisle could have the same impact on your finances as a three-quarter point hike in interest rates.

What to do with your retirement plan funds after leaving a job

One of the big things about leaving a job is knowing what to do with the money that has accumulated in your employer’s pension plan. For young people in particular, this can mean having to make one of their first big investment decisions. Certified Financial Planner Liz Schieck Gives Her best advice on what to consider during this decision-making process.

New regulations standardize qualifications for financial advisors in Ontario

Speaking of advisors, how do you know you can trust their credibility? New regulations in Ontario may provide some certainty. The Financial Services Regulatory Authority of Ontario has announced new regulations for anyone with the professional designation of financial adviser or planner in the province, requiring them to meet an education standard and abide by a code of conduct . These regulations, intended to improve accountability standards, address long-standing concerns about the lack of oversight in the industry and will help ensure that your advisor or planner has the appropriate expertise to effectively guide your financial journey.

Home inspection clause left behind in hot housing market

Canadians with no previous construction or home repair experience are forced to roll up their sleeves and assess shingles, gutters and caulking themselves when buying a home. Indeed, the home inspection clause, once considered a standard section of any real estate contract, is no longer an option in many areas where highly competitive offers and scarce supply are the norm. To protect yourself from costly repairs and hidden defects, experts suggest Go off the beaten track.

If Buying a Home Seems Impossible, REITs Could Be the Next Best Thing

If you’re struggling to buy a home, you could get more bang for your buck by buying physical property through a real estate investment trust, analysts say. An unscientific calculation shows that the REIT sector’s rate of return has generally outpaced rising house prices, analysts argued, although like all investments, REITs come with risk. You can learn more in this article by Iva Poshnjari of BNN Bloomberg.


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