Did we really need the Canada Student Service Grant?

Or was Trudeau just trying to buy the votes of young Canadians

Did we really need the Canada Student Service Grant?Conflict of interest revelations surrounding the selection of WE Charity to administer the Canada Student Service Grant have dominated recent media coverage and led to investigations by parliamentary committees and the federal ethics commissioner. While getting answers on how WE was selected is essential, there’s been scant focus on the more fundamental question: why was…

Millennials have higher household incomes than Gen-Xers

Unfortunately, they also carry considerably more mortgage debt

Millennials have higher household incomes than Gen-XersDo you ever wonder why millennials are the demographic that everyone talks about today? It’s all about the money. Statistics Canada published some interesting data on Thursday showing that millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt. “The study finds that millennials –…

Young Calgary families face financial obstacles in saving for homes

Limiting dining out, travel and personal expenditures are the top three home purchase savings strategies for young families

Young Calgary families face financial obstacles in saving for homesAcross Canada’s key metropolitan areas, young urban families have identified the cost of covering basic living expenses, such as rent, groceries and utilities, as their leading financial barrier to saving for home ownership, according to a new report released on Wednesday by Mustel Group and Sotheby’s International Realty Canada. “This factor surpassed the significance of other…

Millennials giving up on ever owning a home in a Canadian city

It now takes 53.5 per cent of your income to service the costs of buying a single-family home

Millennials giving up on ever owning a home in a Canadian cityThe proportion of household income needed to service the costs of a single-family home grew to 53.5 per cent in the first quarter of 2018, according to a report released Wednesday. And that is one reason Canadians, especially millennials, are abandoning their dream of ever owning housing in the city and and are now looking to…

Millennials “unprepared” for down payment costs, survey suggests

A survey of more than 9,000 potential homebuyers found that those between the ages of 25 and 38 were “unrealistic” about how long it would take to raise the down payment

Millennials “unprepared” for down payment costs, survey suggestsThe majority of millennials underestimate the time and cost of getting their foot in the housing market door, a recent study from the real estate company Point2Home suggests. Property values, and by association, down payment costs, vary drastically across the country. But a nationwide survey of more than 9,000 potential homebuyers found that prospective buyers…

Here’s how sad grads can adapt to the modern job market

Don’t ask them for a job. Ask them if they have any projects or problems that someone with your abilities could help them with on a contract basis

Here’s how sad grads can adapt to the modern job marketWe’ve all heard of them, probably met them and maybe even live with one or two: the sad grads. These are the young people who did everything expected of them. They did their high school homework and matriculated with good grades. They put together a resume of part-time work, community work and references almost before…

The hard truth about soft economic policy

You don't have to be an economist to know that rising interest rates will hurt a lot of Canadians but especially young families

The hard truth about soft economic policyOver the past few months, the Bank of Canada has faced a terrible dilemma: keep interest rates low or raise them to combat potential inflation. It seems the decision has been made – on July 12, the bank raised interest rates for the first time since the 2008 financial crisis. If this is the start…

The boomers’ last chance for redemption

Our youth are the best-educated, most adaptive and creative generation in history, but conservative boomer-era bankers are holding them back

The boomers’ last chance for redemptionCan the baby boom generation find economic absolution? The generation born between 1946 and 1964 is leaving a bitter legacy. As the governing generation, it has mismanaged economies so badly they've imperilled their children's future. But the rise of a new creative economy could provide this most privileged generation with an opportunity for redemption. How…

Canada’s affordable housing crisis about to get worse

The affordable housing crisis is an obvious symptom of a deep-seated disease in modern capitalism

Canada’s affordable housing crisis about to get worseCanada is a modern success story; with a functioning democracy, a tolerant, multi-ethnic society and an economy that’s the envy of the world. So how can it be that so many of our citizens can’t afford to put a roof over their heads? It’s shocking to learn that many working Canadians are unable to gain…