Personal Finance Column
Practical financial guidance for Richmond Hill residents — from first-time homebuyers to seasoned investors. Real advice, local context, no jargon.
Your money. Your community. Your future.
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With interest rates stabilizing and inventory slowly rising, many Richmond Hill residents are asking whether 2026 is the right time to enter the housing market. Our financial columnist breaks down what the numbers really mean for local buyers.
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The classic budgeting framework gets a local reality check. With housing costs well above the national average, we explore how Richmond Hill households can adapt this popular rule to their real financial lives.
Two of Canada's most powerful savings vehicles — but which one deserves your next dollar? A Richmond Hill financial planner walks us through the key differences and how to decide based on your situation.
Many Canadians are underinsured without realizing it. This practical checklist helps Richmond Hill families assess their coverage and identify any gaps before they become a problem.
Your MPAC assessment arrived — now what? We explain what the numbers mean, how they affect your tax bill, and what options you have if you think your property has been over-assessed.
Financial advisors recommend six months of expenses in reserve — but how do you get there when every month feels tight? We share a step-by-step approach that works even on a modest income.
Quick Wins
01
If you have unused TFSA contribution room, filling it before other accounts gives you tax-free growth on every dollar — a powerful long-term advantage.
02
Set up an automatic transfer on payday so savings happen before you have a chance to spend. Even $100/month adds up to $1,200 a year — plus compound growth.
03
Life changes fast. Marriage, a new home, a new child — each milestone is a reason to review your coverage and make sure your family is properly protected.
04
Add up your assets, subtract your debts. Tracking this number once a year gives you a clear picture of your financial progress — and motivates you to keep going.
Submit your personal finance questions to our Money Matter column. Selected questions will be answered by our financial contributors in an upcoming issue.
Submit Your QuestionDisclaimer: The content in Money Matter is for informational purposes only and does not constitute professional financial, legal, or tax advice. Always consult a qualified financial advisor before making financial decisions.