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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.