No more first-time homebuyers loan program
In a recent news article, the NDP government of BC has announced that they will be cancelling the first-time home buyers program. For those that were previously unaware, the first-time home buyers program allows people purchasing their first property to borrow up to 5% of the property’s value, up to a maximum of $37,500. Theoretically, since the minimum down payment you need to buy a home is 5%, this loan program allowed people to buy a home when they only had 2.5% of the hom
Millennials are using fewer credit cards, but more credit. Why is that?
In a recent article from the financial post here, they talked about some statistics regarding Millennials. An interesting fact from the article is that “Just one out of three Millennials carries plastic, according to a Bankrate.com survey, compared to the majority of older Americans”, and that “the 18 to 24 demographic preferred to pay cash more than others”. In the article, many financial experts offer their explanation as to why this may be the case. One expert, Erin Currie
In a market full of uncertainty, what can you do?
Just like life, the market has its ups and downs. At any point in time, you’ll always be able to find news that says the market is doing well, or that the market is doing poorly. And after either a market boom or market bust, you’ll always hear people say “I knew it! That’s why I sold/bought X number of Y shares at that time!” from the people who happened to make the right decision, and the people who didn’t make the right decision fade away, until the next market cycle. The
