looks at how the pandemic has tested the basic rules of personal finance for young adults trying to pay off student debt, build careers, buy homes, raise kids and plan for the future. We speak to real people about their financial situations and experts for their advice.
An ever-popular topic in personal finance is real estate and whether to rent or buy. But in Canada's cult of home ownership, renters are disrespected for reasons that don't hold up to close scrutiny. With houses becoming increasingly unaffordable in some big cities, renting is a natural and sensible response. Renting keeps you mobile to find better job opportunities elsewhere. And it's certainly possible to build wealth as a renter that compares well to home equity.
We're ready to discuss how to set your finances up for success as a renter, what you should consider about renting vs buying, how the pandemic has affected renting for the better and more.