Canadians plan leaner holidays as Gen Z cuts back 35%: PwC
Canadians are heading into the 2025 holiday season planning to spend an average of $1,675 on gifts, travel and entertainment, according to PwC Canada’s annual Holiday Outlook. That figure represents a 10% drop from last year, as rising prices and economic uncertainty push consumers to stretch their dollars further. Despite the overall pullback, PwC says […]
How low will they go? Toronto house prices are falling
The Greater Toronto Area’s real estate market is losing some of its pandemic-era steam, and experts say that could be good news for buyers who have been waiting for prices to cool. Royal LePage now predicts home prices will fall 3% by the end of 2025 compared to last year, signalling that even as interest […]
12% of Canadians are hybrid investors — most plan to stay that way: CSA
A growing segment of Canadian investors is straddling the line between self-directed investing and professional advice. According to a new report from the Canadian Securities Administrators (CSA), about one in eight Canadians now manage some investments on their own while maintaining a separate portfolio with a financial advisor — a group the CSA calls “hybrid […]
This new app turns your coffee runs and grocery bills into real home savings
A new fintech platform has come online, allowing Canadians to save for housing by converting their daily purchases into contributions toward rent deposits and down payments. Toronto-based startup Quarters announced the launch of its “Home Savings Rewards” program last week, which it says is the first of its kind in Canada. Unlike traditional loyalty platforms […]
Most Canadians lack a financial safety net if illness strikes: RBC
Rising costs and household debt aren’t the only financial risks Canadians face — many remain unprepared for the sudden shocks that could derail their income or health. A new survey from RBC Insurance finds most Canadians would struggle to cope with the financial impact of a major illness — and few have a plan in […]
Have you checked your credit lately?
Imagine finding out you have bad credit the day you apply for a mortgage or new apartment, or getting turned down for a loan you need. It happens more often than you’d think. Your credit report is one of the most important snapshots of your financial life — and ignoring it can cost you real […]
Is this fall a good time to strike a deal on a house? 54% of Canadians think so, according to data from REMAX
Canadians are approaching the fall real estate season with a mix of caution and opportunity, according to REMAX Canada’s Fall 2025 Housing Market Update. Nationally, average home prices are expected to decline by roughly 6.5%, with sales down about 5% through the end of 2025. However, regional conditions vary sharply, with Atlantic Canada and the […]
Gen Z puts survival first as paycheques shrink and costs climb: KOHO report
Canada’s youngest working generation is living in survival mode. A new Gig and Seasonal Economy Trends Report from KOHO, (1) Canada’s top-rated money app, finds that Gen Z is grappling with irregular work, rising costs and thin margins, while also adapting to a new kind of financial pragmatism. The report combines KOHO’s internal data with […]
The $10 gap: Why Ontario’s minimum wage still falls short of a living wage
Ontario’s minimum wage rose from $16.55 to $17.60 an hour this October, a modest boost for thousands of workers. But in many parts of the province, that wage still falls far short of what is needed to cover the essentials. In the Greater Toronto Area, the Ontario Living Wage Network (OLWN) calculates a full-time worker […]
New U.S. rule could cost Canadian snowbirds up to $900 a year
For a typical Canadian couple, new U.S. border rules could add $250 to $900 a year in extra costs — covering document preparation, travel delays and cross-border tax advice — before they even unpack their bags in Florida or Arizona. The new U.S. rule was announced in March and went into effect on April 11, […]