70% of millennials are living paycheck to paycheck, more than any other generation
Article Courtesy of Business Insider | Hillary Hoffower Roy Rochlin/Getty Images Millennials' wallets are rather skimpy. Seventy percent of the generation said they're living paycheck to paycheck, according to a survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that about 54% of Americans live paycheck to paycheck, but millennials had the biggest broke energy. By contrast, 40% of baby boomers and seni
Canadian home prices expected to be up 20% by end of the year
Article Courtesy of Daily Hive | Laura Hanrahan Canadian home prices are on the rise with a near 20% projected increase by the end of December, according to the Canadian Real Estate Association’s (CREA) most recent report. As home sales across the country saw a slight drop in August, falling 0.5% compared to July, prices continued to rise, bringing the average Canadian home price up to $663,500. And although compared to last August the number of sales was down 14% year-over-y
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Wood you look at that: Lumber is cheap again
Article Courtesy of Fortune | Lance Lambert For the 13th consecutive week, framing lumber prices are down. On Friday, the cash market price of lumber fell to $389 per thousand board feet, according to data from Fastmarkets Random Lengths, an industry trade publication. That's down 74% from its $1,515 all-time high in May. "The market seems to be trying to find a bottom," says Shawn Church, editor at Fastmarkets Random Lengths. "However, there is now a lot of wood in the distr
Expect home prices to climb in Metro Vancouver and BC
Typical B.C. home price will top $937,000 in 2022 – and $1.2 million in Metro – as housing starts plunge 12.8 per cent. Article Courtesy: Western Investor Article By: Frank O'Brien Despite election pledges from every major political party to boost new home construction, B.C. housing starts will plunge 12.8 per cent next year, helping to drive average home prices to record highs across the province, according to a recent forecast from the B.C. Real Estate Association (BCREA.)
