Finance

The real reason people fail to save enough for retirement — and what you can do to limit the damage

Perhaps as important as how much you need to save to retire is an understanding of the things that prevent people from saving enough in the first place — despite their best intentions.Illustration by Chloe Cushman/National Post files While there are conflicting opinions on whether Canadians are saving enough for retirement, there is no doubt […]

Finance

Millennials are no different from their baby boomer parents — they’re just poorer

Millennials have less money to spend but they’re still spending on the same things as other generations.Files In the court of public opinion, millennials are the most infamous serial killers. American cheese. Credit cards. Taxis. The Thanksgiving turkey. Even divorce. This generation’s cultural killing spree has left few corners untouched. Now there’s evidence for an […]

Finance

Does rent control stifle construction? Until there’s more data, the jury’s still out

Rental vacancy rates have barely budged from levels of less than 2 per cent and rents have continued to rise after Ontario brought in rent controls in 2017.Postmedia News Ontario has done yet another somersault on rent control regulations. Premier Doug Ford’s government recently reversed the stringent rent control regulations that were enforced last year […]

Finance

‘Excruciating’ trial in case that lasted 17 years emblematic of troubles plaguing family courts

In Ontario's Central West district, there are simply not enough courtrooms to accommodate all of the cases that require a hearing.Tim Fraser for National Post files On Nov. 19, 2018, Regional Senior Justice Peter Daley took an unprecedented step. Speaking to media, members of the profession and the public from the dais in the Brampton, […]

Finance

Toronto and Vancouver most ‘vulnerable’ to interest rate hikes as personal debt soars, CMHC warns

Personal debt levels in Toronto and Vancouver continue to hit record-levels.Postmedia Network TORONTO — Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency […]

Finance

Canadians’ household debt burden creeps higher

Total credit market borrowing, however, slowed for the third consecutive quarter.Canadian Press OTTAWA — The amount Canadians owe relative to their income ticked higher in third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally-adjusted basis. That compared with […]