Hope everyone is enjoying the hot summer weather so far!
According to this report, home prices are set to rise (yet again) for rest of the year – a forecasted rise of 5-6%. With housing prices already high, it’s hard to believe they can keep rising.
Speaking of housing, a recent study by RBC says Canadians are borrowing less to buy real estate – easing fears of a potential housing bubble. Interesting contrast – one report says house prices are set to rise, while another says we are borrowing less to buy real estate.
Related: How to Reduce Your Mortgage Penalty
Big Cajun Man writes about 3 financial rules of thumb – practical, easy and anyone can follow.
Related: 4 Golden Rules of Investing
If you’ve ever started a side business, you know how much an additional source of income can help with your monthly expenses. Robb Engen explains here how multiple streams of income is like the new emergency fund. Read here about some side income ideas anyone can try.
If you’re a fan of the Game of Thrones, check out this list of 5 things the Game of Thrones can teach us about personal finance by Object Wealth.
Here is a good discussion on whether life insurance makes sense for seniors – definitely a topic worth discussing as the costs can add up over time.