After years of soaring home prices, there was hope that rising interest rates would lead to lower prices in 2023 and give young Canadians an entry point into the market . And while they did go down, higher mortgage rates have left housing as unaffordable as ever. For those without family help or oversized paycheques, buying a home is just not financially realistic. We’re dedicating the last episode of this season of Stress Test to exploring why people are giving up on homeownership and how they see their financial future.

After years of soaring home prices, there was hope that rising interest rates would lead to lower prices in 2023 and give young Canadians an entry point into the market . And while they did go down, higher mortgage rates have left housing as unaffordable as ever. For those without family help or oversized paycheques, buying a home is just not financially realistic. We’re dedicating the last episode of this season of Stress Test to exploring why people are giving up on homeownership and how they see their financial future.

Why more Canadians are giving up on home ownership

Student debt is a growing problem in Canada - one that’s set to get worse in the coming years. And although tuition has crept higher, it’s the soaring cost of rent and everyday living that's causing the trouble. So what should students consider before making decisions for their post-secondary lives? Paul Kershaw, founder of Generation Squeeze and a professor at the University of British Columbia, describes how expensive student life has become - and how students are coping. We also hear from a 33-year-old who graduated 10 years ago with $40,000 in student debt, which she’s still paying off. Plus, The Globe’s personal finance reporter Erica Alini shares how rent in both large and small cities is changing the Canadian student experience.

Student debt is a growing problem in Canada - one that’s set to get worse in the coming years. And although tuition has crept higher, it’s the soaring cost of rent and everyday living that's causing the trouble. So what should students consider before making decisions for their post-secondary lives? Paul Kershaw, founder of Generation Squeeze and a professor at the University of British Columbia, describes how expensive student life has become - and how students are coping. We also hear from a 33-year-old who graduated 10 years ago with $40,000 in student debt, which she’s still paying off. Plus, The Globe’s personal finance reporter Erica Alini shares how rent in both large and small cities is changing the Canadian student experience.

How soaring rents are transforming student life

It’s tough to save money to invest in the first place, so it stings to watch your investments drop. If you’ve started in the last few years, you’ve just seen your first large ups and downs in the stock market. So how do you know if you’re on the right track? And how do you keep emotions in check? A 38-year-old from Mississauga who started investing during the pandemic shares how he handled the rollercoaster ride and what he’s learned. And Rob speaks to Darryl Brown, an independent investment consultant, about why investors are nervous and how they can better endure big swings in the stock market.

It’s tough to save money to invest in the first place, so it stings to watch your investments drop. If you’ve started in the last few years, you’ve just seen your first large ups and downs in the stock market. So how do you know if you’re on the right track? And how do you keep emotions in check? A 38-year-old from Mississauga who started investing during the pandemic shares how he handled the rollercoaster ride and what he’s learned. And Rob speaks to Darryl Brown, an independent investment consultant, about why investors are nervous and how they can better endure big swings in the stock market.

'Punched in the face by my investments’: How to endure stock market swings

Climate change is a growing concern for many young Canadians, with some questioning where they should live, what they should be saving for and how they should invest. Others wonder whether they should bother planning for a future at all. But is there a smart way to weave our climate concerns into our personal finance decisions?  Certified financial planner Shannon Lee Simmons, who says this issue comes up all the time among her clients, shares her thoughts on how to arrange your finances amid climate uncertainty. Plus we hear from a 36-year-old Torontonian who considers his environmental footprint with every decision he makes. 

Climate change is a growing concern for many young Canadians, with some questioning where they should live, what they should be saving for and how they should invest. Others wonder whether they should bother planning for a future at all. But is there a smart way to weave our climate concerns into our personal finance decisions?  Certified financial planner Shannon Lee Simmons, who says this issue comes up all the time among her clients, shares her thoughts on how to arrange your finances amid climate uncertainty. Plus we hear from a 36-year-old Torontonian who considers his environmental footprint with every decision he makes.

How climate anxiety is shaping small and large financial decisions

A $5,700 wedding dress for $64. Expensive baby items for a fraction of the price. Construction materials to renovate a home.  When you need something, buying used is a great way to save a pile of cash and keep perfectly good items out of landfills. It isn’t a new phenomenon, but it’s gaining more popularity as living expenses soar. In this episode, three guests share their experiences thrifting and their advice for others to get a good deal.

A $5,700 wedding dress for $64. Expensive baby items for a fraction of the price. Construction materials to renovate a home.  When you need something, buying used is a great way to save a pile of cash and keep perfectly good items out of landfills. It isn’t a new phenomenon, but it’s gaining more popularity as living expenses soar. In this episode, three guests share their experiences thrifting and their advice for others to get a good deal.

Save money and the planet: How thrifting can help combat inflation

For the one in six Canadian couples who experience infertility, the path to having a baby can be difficult emotionally, physically and financially. Same sex couples and people trying to get pregnant without a partner are on the same road. And for all these aspiring parents, fertility treatments aren’t cheap. In this episode, Roma speaks to Dr. Tamara Abraham, a reproductive endocrinologist and infertility specialist, about the IVF process. Plus, several Canadians who are undergoing fertility treatments share what it’s costing them and things to consider now if you’re interested in having kids one day.

For the one in six Canadian couples who experience infertility, the path to having a baby can be difficult emotionally, physically and financially. Same sex couples and people trying to get pregnant without a partner are on the same road. And for all these aspiring parents, fertility treatments aren’t cheap. In this episode, Roma speaks to Dr. Tamara Abraham, a reproductive endocrinologist and infertility specialist, about the IVF process. Plus, several Canadians who are undergoing fertility treatments share what it’s costing them and things to consider now if you’re interested in having kids one day.

Fertility treatments can be a massive, unexpected cost for Canadians. Here’s what you should know

Tax season can be, well, taxing. Whether you’re a gig worker trying to keep track of receipts or a remote employee struggling to figure out how much home office space to claim, filing a return can be daunting. We know most of you don’t have an accountant on your favourite contacts list, so we’re dedicating this episode to all things taxes. Rob speaks to expert Jamie Golombek to demystify some tax basics and offer tips to get you through this tax season.

Tax season can be, well, taxing. Whether you’re a gig worker trying to keep track of receipts or a remote employee struggling to figure out how much home office space to claim, filing a return can be daunting. We know most of you don’t have an accountant on your favourite contacts list, so we’re dedicating this episode to all things taxes. Rob speaks to expert Jamie Golombek to demystify some tax basics and offer tips to get you through this tax season.

Taxes 101: Tips to make the most of your return this season

In 2022, the number of people moving to Alberta hit its highest level in almost a decade. At the same time, a record number of people left Toronto for other provinces. And it all comes down to affordability. In this episode, we’ll delve into the factors contributing to the rise in interprovincial migration and hear from Canadians who made the move - and how it’s worked out for them.

In 2022, the number of people moving to Alberta hit its highest level in almost a decade. At the same time, a record number of people left Toronto for other provinces. And it all comes down to affordability. In this episode, we’ll delve into the factors contributing to the rise in interprovincial migration and hear from Canadians who made the move - and how it’s worked out for them.

Why millennials and Gen Z are Alberta-bound for a more affordable life

The economy is looking shaky and everyone’s trying to save money, whether it's on rent, groceries or just living life. The good news? The Globe’s personal finance podcast for Gen Z and millennials is back for another season. Join hosts Rob Carrick and Roma Luciw as they make sense of a changing financial reality - and help you achieve your goals. Up this season: how thousands of Canadians are leaving Toronto and Vancouver for cheaper living in Alberta, why you should care more about tax season and the high cost of fertility treatments for those struggling to have a family.

Coming soon: Season seven of Stress Test

When we first launched Stress Test, the homeownership story was one of low interest rates, climbing prices and bidding wars. But the real estate market has changed drastically this year - now it’s a story of rising interest rates, falling prices and fewer listings. So what does it mean for new and potential homeowners? In the last episode of the season, we’re checking in with recent buyers to see how they’re feeling in this changing market - and whether recent changes have helped them or hindered them. We hear from two Canadians with variable mortgages - one who bought at the top of the market and is feeling the pain of rising mortgage payments and another who has made peace with his scenario since he got the house he wanted. Plus, we hear from a couple who was finally able to buy a home due to lower real estate prices, regardless of higher rates.

When we first launched Stress Test, the homeownership story was one of low interest rates, climbing prices and bidding wars. But the real estate market has changed drastically this year - now it’s a story of rising interest rates, falling prices and fewer listings. So what does it mean for new and potential homeowners? In the last episode of the season, we’re checking in with recent buyers to see how they’re feeling in this changing market - and whether recent changes have helped them or hindered them. We hear from two Canadians with variable mortgages - one who bought at the top of the market and is feeling the pain of rising mortgage payments and another who has made peace with his scenario since he got the house he wanted. Plus, we hear from a couple who was finally able to buy a home due to lower real estate prices, regardless of higher rates.

Rising interest rates brought pain for new homeowners - and opportunity for house hunters

You had your best-laid plans and then COVID-19 came along and hammered the entire economy. But you’ve got this – if you have the right information. Join The Globe and Mail’s personal finance team, columnist Rob Carrick and editor Roma Luciw, as they guide you through one of the biggest stress tests your finances will ever face. If you’re between 20 and 40, this financial advice is for you.

Canadians are waiting longer to have kids. If they do, they’re having fewer. And people say money is one of the big reasons why they’re going childfree. In this episode, we’re looking at the most personal of personal finance topics: the cost of deciding whether to have children, when and how many. We hear from a 27-year-old woman from Mississauga, Ont., who is pushing back plans to have kids until she can afford a home. We also hear from a 28-year-old from Vancouver who has decided not to have kids at all for financial reasons. Plus, Roma speaks to Melissa Leong, a Toronto-based personal finance expert and mom of two, about how much kids cost and why people are delaying the expense - or avoiding it altogether. 

Canadians are waiting longer to have kids. If they do, they’re having fewer. And people say money is one of the big reasons why they’re going childfree. In this episode, we’re looking at the most personal of personal finance topics: the cost of deciding whether to have children, when and how many. We hear from a 27-year-old woman from Mississauga, Ont., who is pushing back plans to have kids until she can afford a home. We also hear from a 28-year-old from Vancouver who has decided not to have kids at all for financial reasons. Plus, Roma speaks to Melissa Leong, a Toronto-based personal finance expert and mom of two, about how much kids cost and why people are delaying the expense - or avoiding it altogether.

Why more Canadians are choosing to be childfree or delay parenthood

Chances are your salary isn’t rising as fast as inflation. But before you march into your boss’s office to demand a raise, remember there’s a recession looming. That doesn’t mean you shouldn’t ask - but your pitch needs to be researched and realistic. In this episode, Rob speaks to compensation expert  Manny Campione about what’s going on in the job market and how to effectively negotiate your salary. Plus, we hear from a 27-year-old from Edmonton who first tried to negotiate a raise at his work, but wound up switching jobs to get the pay he wanted.

Chances are your salary isn’t rising as fast as inflation. But before you march into your boss’s office to demand a raise, remember there’s a recession looming. That doesn’t mean you shouldn’t ask - but your pitch needs to be researched and realistic. In this episode, Rob speaks to compensation expert  Manny Campione about what’s going on in the job market and how to effectively negotiate your salary. Plus, we hear from a 27-year-old from Edmonton who first tried to negotiate a raise at his work, but wound up switching jobs to get the pay he wanted.

Is it still a good time to ask for a raise, with a recession looming?

For those struggling to get a foothold in Canada’s expensive real estate market, home improvements aren’t a luxury - they’re a necessary evil to secure housing that fits their needs. But is doing the work a more affordable option than buying the perfect place? In this episode, we’re looking at how renovations can get you the home you want but otherwise can’t afford. We hear from two 35-year-old guests and their recent renovation experiences. The first, who lives in Victoria, B.C., bought a home but needed to build a rental suite to help pay the mortgage. The second decided to renovate his starter home in Hamilton, Ont. after he and his wife found out they were pregnant - with twins. Plus, Rob speaks with Shir Magen, the CEO of HomeStars about the popularity of renovations, the types of renos that add value to your home and money-saving tips for those considering heading down the reno route.

For those struggling to get a foothold in Canada’s expensive real estate market, home improvements aren’t a luxury - they’re a necessary evil to secure housing that fits their needs. But is doing the work a more affordable option than buying the perfect place? In this episode, we’re looking at how renovations can get you the home you want but otherwise can’t afford. We hear from two 35-year-old guests and their recent renovation experiences. The first, who lives in Victoria, B.C., bought a home but needed to build a rental suite to help pay the mortgage. The second decided to renovate his starter home in Hamilton, Ont. after he and his wife found out they were pregnant - with twins. Plus, Rob speaks with Shir Magen, the CEO of HomeStars about the popularity of renovations, the types of renos that add value to your home and money-saving tips for those considering heading down the reno route.

Renovating can help you get the home you otherwise can't afford

Disclaimer from Aligned Capital Partners Inc.: This podcast is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Aravind Sithamparapillai and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.

Disclaimer from Aligned Capital Partners Inc.: This podcast is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Aravind Sithamparapillai and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.

Recession-beating tips for the job market, housing, investing and cost of life

Pandemic lockdowns made it harder for people to make new romantic connections. Now, inflation is making it more expensive. This has left people searching for creative ways to meet the love of their life - while spending less. In this episode, Rob and Roma hear from three Canadian daters to learn how they’re coping with higher costs and offer advice for ways to not break the bank while dating.

Pandemic lockdowns made it harder for people to make new romantic connections. Now, inflation is making it more expensive. This has left people searching for creative ways to meet the love of their life - while spending less. In this episode, Rob and Roma hear from three Canadian daters to learn how they’re coping with higher costs and offer advice for ways to not break the bank while dating.

Love in the time of inflation: How to manage rising costs when dating

You’re broke, but you blow $100 on a dinner you can’t afford. Or maybe your colleagues are making more money doing the same job as you, but you don’t ask for a raise. You feel like you’re bad with money and your way of coping is to ignore your finances. These are common behaviours that can lead to something called money shame. In this episode, Roma speaks to Chantel Chapman, a Richmond, B.C.-based financial trauma researcher and educator about what money shame is, how it affects our financial decisions and how to move past it. Plus, we hear from Irina, a millennial who shares her personal experiences with money shame.

You’re broke, but you blow $100 on a dinner you can’t afford. Or maybe your colleagues are making more money doing the same job as you, but you don’t ask for a raise. You feel like you’re bad with money and your way of coping is to ignore your finances. These are common behaviours that can lead to something called money shame. In this episode, Roma speaks to Chantel Chapman, a Richmond, B.C.-based financial trauma researcher and educator about what money shame is, how it affects our financial decisions and how to move past it. Plus, we hear from Irina, a millennial who shares her personal experiences with money shame.

You're not bad at money - you're suffering from money shame

Rents are soaring across the country, especially in Canada's biggest cities. To secure a place to live, some Canadians are competing in  bidding wars or spending over 50 per cent of their monthly income on rent. Others are settling for short-term leases and long commutes. In this episode, we hear from three renters about what they went through to try and find a place to live and what it cost them. Plus, Rob talks to Shaun Hildebrand, the president of Urbanation, which researches condo, rental and development markets in the Greater Toronto Area where rents are “supercharged”.  Shaun shares what’s driving rents so high and how the real estate market affects rentals. Plus, he gives tips for those looking for an affordable place to live.

Rents are soaring across the country, especially in Canada's biggest cities. To secure a place to live, some Canadians are competing in  bidding wars or spending over 50 per cent of their monthly income on rent. Others are settling for short-term leases and long commutes. In this episode, we hear from three renters about what they went through to try and find a place to live and what it cost them. Plus, Rob talks to Shaun Hildebrand, the president of Urbanation, which researches condo, rental and development markets in the Greater Toronto Area where rents are “supercharged”.  Shaun shares what’s driving rents so high and how the real estate market affects rentals. Plus, he gives tips for those looking for an affordable place to live.

How supercharged rents are crushing Canadians

Just when you thought pandemic-related financial challenges were ending, we have a new plot twist: the threat of a recession. The Globe's personal finance podcast for Gen Z and millennials is back to help make sense of it all. Join hosts Rob Carrick and Roma Luciw this season as they tackle the cash crunch many Canadians are facing when it comes to things like housing and dating, and provide practical advice to help you navigate rough economic waters.

Just when you thought pandemic-related financial challenges were ending, we have a new plot twist: the threat of a recession. The Globe's personal finance podcast for Gen Z and millennials is back to help make sense of it all. Join hosts Rob Carrick and Roma Luciw this season as they tackle the cash crunch many Canadians are facing when it comes to things like housing and dating, and provide practical advice to help you navigate rough economic waters.

Coming soon: Season 6 of Stress Test

For our last episode of this season, we’re talking retirement – why it’s changing, and how to plan for it. We hear from Vicky (25), Irina (34) and Brent (36), who each have different visions of retirement and what they’re doing – or not doing – to plan for it right now. Plus, Rob speaks with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare. 

For our last episode of this season, we’re talking retirement – why it’s changing, and how to plan for it. We hear from Vicky (25), Irina (34) and Brent (36), who each have different visions of retirement and what they’re doing – or not doing – to plan for it right now. Plus, Rob speaks with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare.

Retirement might look different for Gen Z and millennials. Here’s how to plan for it

Most people buy homes with their partners or by themselves. But others are ditching the traditional paradigm. Today, we’re talking about unconventional homebuyers: family members, friends and others that team up to get into the property market. We hear from two sisters who are trying to buy a house together – and who are struggling to get into the market even after joining forces. Plus, Roma speaks with Leah Zlatkin, a mortgage broker at Mortgage Outlet and expert at LowestRates.ca, about what you should know before buying a home with others and why legal agreements are critical for those considering buying as a group. 

Most people buy homes with their partners or by themselves. But others are ditching the traditional paradigm. Today, we’re talking about unconventional homebuyers: family members, friends and others that team up to get into the property market. We hear from two sisters who are trying to buy a house together – and who are struggling to get into the market even after joining forces. Plus, Roma speaks with Leah Zlatkin, a mortgage broker at Mortgage Outlet and expert at <a href="http://LowestRates.ca" rel="nofollow" target="_blank">LowestRates.ca</a>, about what you should know before buying a home with others and why legal agreements are critical for those considering buying as a group.

Tempted to buy a home with siblings or friends? Here’s what you need to know

Stress Test

What is this?
1 quote, 3 ideas & 1 question from a carefully curated podcast episode.
Every Monday & Wednesday.

Want a 3rd insight and episode every week? Email me at curation@owltail.com.

OwlTail

OwlTail 1-3-1

The best podcast episodes about true crime. For any thrill seeking podcast listeners who just can't get enough of the captivating stories of murderers and criminals. This topic has all the best episodes from many different true crime podcasts.  Add episodes you're interested into your queue below!