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Advice for Life Spring 2024 Newsletter
By Alterna Team
March 26, 2024
122 Articles found

Investing often takes on a greater importance for people in their 40s and 50s. Not only are they getting closer to retirement, but it's a time of life when people start to think more about planning for their family's future, as well as their own.

The cost of post-secondary education is on the rise. In the last decade (from 2013/14 to 2023/24), the average annual tuition fees for undergraduate degree programs in Canada rose approximately 23%, from an average of $5,767 to $7,076.

Canadian real estate prices continue to show strength, and interest rates are on the rise – which means that the cost of owning your own home keeps rising, too. If you’re trying to save up for a home purchase, it can seem an insurmountable goal. But there are some accounts and tax breaks that are designed to help.

Amid headlines about interest rates, inflation, and possible economic recession, there is often discussion about stocks heading into “bear market” territory.

Spring is finally here, which means the “homebuying season” is underway. With the global pandemic, soaring inflation, rising interest rates and the threat of recession, it’s been a tough few years for prospective homebuyers.

Understanding the factors that contribute to a good credit score and why it is essential is paramount for financial well-being.