Canadian Personal Finance Blog

Archive for October 23rd, 2007

Home Ownership for Young Adults More Likely In the Country

An interesting new survey from our from our friends at Stats Canada outlining that:

According to a new study, in 2006, young adults in rural and small towns were more likely to be homeowners than young adults in Canada’s three largest metropolitan areas.

This is not surprising to me, but also a little worrisome. I look at the prices of the homes around me, and wonder how anyone just starting out can afford to live in them. With interest rates where they are, there is a fighting chance, but if rates go up, there may be a bubble bursting sound, just because I think the housing prices in larger cities is just getting out of hand.

RESPs

I need to look up and learn about how you take money out of RESPs and/or whether you can keep putting money in while money is coming out, and a few other interesting questions that I have. If anyone has any insight on this, please leave a comment or send me an e-mail and I will quote your advice, for other folks to read as well.

Comments Please

Just a side note, feel free to comment on things. I do moderate my comments (thanks to being SPAMMED to death a while back), but I am genuinely interested in what you think of my commentaries (good and bad).

Carnivals This Week

• The 123rd Carnival of Personal Finance took my posting on University Costs, Holy Crap!