Category Knowledge Base

While home prices across the country have dropped from their early 2022 heights, the carrying costs of homeownership have only continued their decade-long climb. The average Canadian homeowner spends nearly $28,000 per year on home-related costs, jumping to almost $39,000…

Canadians are highly interested in starting their own businesses, but the country remains in what the Canadian Federation of Independent Business calls an “entrepreneurial drought”. Entrepreneurship aspirations have reached an “eight-year high”, according to an RBC poll, with six in…

Inheriting a family home is often an emotional experience, but it also arrives alongside complex financial choices. When siblings inherit a property together, their goals frequently diverge: one sibling may dream of moving in, while others prefer their share of…

Standard real estate advice often focuses on the return on investment (ROI) of various home improvements. Homeowners are used to seeing charts that highlight the benefits of minor kitchen renovations while suggesting that larger projects, like finished basements or high-efficiency…

Falling behind on taxes can happen to anyone. Whether you are dealing with an unexpected reassessment or just had a tough year running your small business, receiving a large Canada Revenue Agency (CRA) tax bill is incredibly stressful. Understanding CRA…

As the last of the snow finally retreats and the first hints of green appear, Canadian homeowners experience a familiar shift. We stop spending as much time cooped up inside and start getting excited to return to our outdoor spaces…

“Aging in Place” Is Reshaping Retirement Retirement in Canada is changing. For many, it’s no longer just about stopping work. It’s about navigating shifting realities while trying to maintain a comfortable lifestyle. Canadians now believe that they need $1.7 million…

This blog post is provided for informational purposes only and is not advice regarding any financial product or financial planning in retirement. You should consult a certified financial planning professional, such as a Certified Financial Planner or a Qualified Associate…

Home equity has become a significant asset for many Canadians. Our analysis has found that home equity represents between half and two-thirds of the median homeowner’s net worth in Canada. But unlike traditional financial assets like stocks and bonds, your…

What is an FMV appraisal? A fair market value (FMV) appraisal in an unbiased estimate of what a property would sell for in an open and competitive market. An FMV appraisal takes in factors like location, condition and recent comparable…