Edmonton Real Estate Blog

(NC) After a year of working from home for many of us, it’s only natural to be hitting a rut. No matter how great your at-home work setup is, you might need a refresh.

Here are few tips to make working from home so much better:


1. Declutter your workspace
A lot of work-related clutter can build up over time. Take a few minutes to collect any office items lying around the house, such as your video call headphones or your loose papers and sticky notes. Then recycle anything you don’t need and store the rest in a dedicated location. You’ll feel fresher and ready to take on what’s next.

2. Upgrade your workwear
Just because you aren’t going into the office doesn’t mean you don’t deserve to feel your best and look sharp. If you’re keen on business wear, try easing into a new pair of pants or a simple summer dress to find a more relaxed summertime vibe. If you’ve defaulted to pyjamas and sweats every day, consider finding the happy medium with...

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(NC) Understanding how to manage your money and budget better is important for financial health, especially during uncertain economic conditions. Each person’s situation is unique and requires a personalized approach, but with education and confidence, financial planning can become a less arduous task.

According to the TD Financial Health Index, a national benchmarking survey providing a portrait of Canadians' financial well-being, women tend to have lower “financial health” than men – particularly among younger groups. Women received an average financial health score of 64 – lower than the average score for all Canadians. 

Regardless of financial management experience, taking small, thoughtful and actionable steps towards building your wealth management skills can help improve your financial profile in any circumstance.

Here are some resources to consider:

  1. Read, review and reevaluate. Empowering yourself with the right resources can better equip you to...
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(NC) An estimated three million Canadians have one, and they have emerged as the single largest contributor to the growth of household debt in Canada.


Yet many consumers do not appear to fully understand how they work.


No, we’re not talking about credit cards or car loans. We’re talking about home equity lines of credit or HELOCs.


According to a 2019 survey by the Financial Consumer Agency of Canada, many people appear to lack awareness of the terms and conditions of this widely sold financial product, exposing them to the risk of over-borrowing, carrying debt for extended periods and uninformed decision-making.


HELOCs are a secured form of revolving credit. The lender uses your home as a guarantee that you'll pay back the money you borrow. And, as you pay your HELOC down, you can borrow it again, up to a maximum credit limit.


Most major financial institutions offer them with a mortgage as a combined product, which is sometimes called a readvanceable mortgage. Many use them for...

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(NC) The term “house poor” is likely one we’re familiar with as Canadians. Given the ever-changing housing market, it’s something you may even have identified with. But what does it really mean? And how can we avoid it?

“House poor” is a situation that describes a person who “over-extends” themselves and spends an unusually large proportion of his or her total income (roughly 30-40% or more) on home ownership, including mortgage payments, property taxes, maintenance and utilities. If you’re feeling like a disproportionate amount of your income goes towards your home-related expenses, then you might be in this group.

According to the 2019 RBC home ownership poll, half of Canadians claim they would avoid a situation where they become house poor as they say it’s mentally stressful and financially irresponsible.

However, one in four Canadians does identify this way and approximately one in ten is prepared to put themselves in this position....

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