Recent home buyers on erupting mortgage payments, how their parents are helping and who they blame for rising rates

Recent home buyers on erupting mortgage payments, how their parents are helping and who they blame for rising rates

Eight months of sharply rising interest rates have strained the finances of recent home buyers, but not their confidence that buying property was the right decision. An informal survey of 653 people who bought their first homes in recent years found several pain points. Almost one in three said they’re feeling financial pain but managing, … Read more

The mental health of Canadians is at a breaking point

The mental health of Canadians is at a breaking point

First, it was the pandemic. Today, it’s the rising cost of living. Canadians just can’t seem to catch a break. And now, many are at a breaking point. Working professionals are experiencing increased strain on their emotional well-being, according to a major report released Thursday, which found that the mental health of Canadians in June … Read more

Rising rates and cooling market increase financial risk of home renovations

Rising rates and cooling market increase financial risk of home renovations

Hillary and Andrew Strack-Cheng with their kids Leland and Juniper in their home on June 22.Cole Burston/The Globe and Mail Home renovations can be unpredictable and anxiety-laden at the best of times. But soaring costs, rising interest rates, cooling home prices and uncertainty about Canada’s economic outlook are increasing the financial risks associated with a … Read more

The market’s new biggest fear. Plus, a milestone for GIC rates

The market’s new biggest fear.  Plus, a milestone for GIC rates

We can’t make too much of one day’s results, but central bankers must have been ghoulishly pleased with Thursday’s equity market action. Weak US economic data, lower commodity prices and falling bond yields are not widely considered positive because they highlight growing risks of a North American recession, but they also signal a potential easing … Read more

Women concerned workplace accommodations won’t last: poll

Women concerned workplace accommodations won’t last: poll

As businesses across the country issue back-to-office notices to employees, nearly half of Canadian working women say they may quit their jobs if working from home at least part of the time is not an option, a report from The Prosperity Project found. The project, founded to mitigate the impact of the COVID-19 pandemic on … Read more

Buyer’s regret among those who scored a first home in the past year? forget about it

Buyer’s regret among those who scored a first home in the past year?  forget about it

The young adults who bought into an expensive housing market in the past year are feeling remarkably good about the purchase. They have worries, of course. Inflation is definitely a problem, and many singled out their mortgage as a concern. But with rising interest rates testing the financial resilience of borrowers, the millennials and Gen … Read more

Majority of Canadians in favor of abolishing constitutional monarchy, new survey finds

Majority of Canadians in favor of abolishing constitutional monarchy, new survey finds

Britain’s Prince Charles, Prince of Wales sits with Britain’s Queen Elizabeth II in the Houses of Parliament in London on Dec. 19, 2019.PAUL EDWARDS/Getty Images A majority of Canadians have a positive view of the Queen but would support separating from the British monarchy after she dies, according to a new public-opinion poll. The survey, … Read more

This Hubble Anniversary Pic of Unusual Galaxies Is Out-of-This-World Gorgeous

This Hubble Anniversary Pic of Unusual Galaxies Is Out-of-This-World Gorgeous

We’ve written about some truly stunning deep space pictures here on ScienceAlert, but a new Hubble snap showcasing a special collection of five galaxies has to be one of the best yet – even by our high standards. The group of galaxies is called the Hickson Compact Group 40, and they’re unusually close together at … Read more

Bitcoin investors tend to have low financial literacy, according to BoC research

Bitcoin investors tend to have low financial literacy, according to BoC research

Based on a series of surveys, central bank researchers found that around 5 per cent of Canadians owned bitcoin between 2018 and 2020.Andrew Vaughan/The Canadian Press Canadian bitcoin owners tend to have low levels of financial literacy while being exposed to elevated levels of financial risk, according to new Bank of Canada research. Based on … Read more

Immigration is changing the composition of religion in Canada, survey finds

Immigration is changing the composition of religion in Canada, survey finds

Mourners paid their respects at the scene of Sunday’s hate-motivated vehicle attack in London, Ont. on June 8, 2021, in honor of the four members of a Muslim family that died and the youngest boy who is in hospital.Geoff Robins/The Canadian Press Growing immigration is changing the composition of religion in Canada, an in-depth survey … Read more