Pattie Lovett-Reid: ‘Lingering’ is the hot term in retirement planning

Retirement planning is serious business and here’s why: While many find themselves “lingering” or living longer than they ever thought they would, some people have been left to wonder if they’re at risk of running out of money. The result is that “lingering” is becoming a hot term in the financial industry – and planning to the age of 100 is starting to become the norm.

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August 2019 Canadian Rent Report

Overall, 5 cities experienced an upward trend last month, 4 downward, and 15 remained stable. Similar to the previous month’s report, more than half of the total markets were flat, which is surprising since it is hot moving season right now. Meanwhile, year over year growth rates told a different story as 11 cities experienced large, double digit growth rates. This suggests that while the Canadian market overall has gotten much more expensive in the past year, it seems either a price ceiling may have been hit in a lot of these cities, since they aren’t growing as much month on month, or the demand is is finally beginning to taper off.

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