Last week I wrote Part 1 of Downsizing: How to Optimize your Living Space, which explained trends in increasing living space per person. This trend was inconsistent with a reducing household headcount and flat-line house building costs, creating an excess in living space not seen in other countries. The solution to this issue, unfortunately, is…
We may not realize it because it has become a cultural and societal norm, but Canadians have become amongst the least living space-efficient people on earth over the past few decades. Due to market demand, it’s difficult if not impossible for Canadians to find new homes to live in which are space and cost-effective. The…
The Government of Ontario has dedicated up to $1,000,000 in Ontario government grants to aid the City of Peterborough. This Ontario government funding will be part of the $4,153,700 airport expansion project, which will invest in infrastructure, facility upgrades, and facility expansions for Peterborough Airport. This Ontario government grant investment aims to strengthen the aerospace…
In Canada, home ownership is widely seen as a key part of a long-term personal investment strategy. The 2011 National Household Survey (NHS) conducted by Statistics Canada reveals that 69% of households own their own homes (including both mortgaged homes and fully paid off). Unfortunately, home purchase is not necessarily a strong investment or a…
In an attempt to boost my own personal productivity, I have committed to do the unthinkable for (at least) 3 weeks: cut the cord on Netflix. The popular online television and movie streaming service is now a major player in the entertainment industry, with over $5 billion in annual revenues, and over 65 million subscribers…
The Canadian aerospace industry is poised for strong, sustained growth. Aerospace Manufacturing and Design, a site dedicated to news and resources for Canadian aerospace manufacturers, reports that Canada ranks 3rd in global civil aircraft production, and is forecasted to grow at twice the rate of the international civil aircraft manufacturing industry until at least 2021….
The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…
In my first year with Mentor Works, I have been given the opportunity to compile and present key information pertaining to important sectors of the Canadian economy, especially those of which the Federal and Provincial Governments have targeted government funding initiatives towards. I have adapted my industry reports into blog posts so that our readers…
As Mentor Works’ resident Fresh Prince of Frugality, I am constantly thinking about how I can reduce my living expenses to increase my flexibility to save, invest, and plan for the future. I often hear people discussing whether or not renting makes financial sense. Owning your own property has several major benefits, and renting can…
At over $500 billion in 2014, Canadians’ consumer debt levels are cause for alarm. Consumer debt encapsulates the outstanding debt of consumers that funds consumable goods which do not appreciate in value, including vehicle loans, item purchases, etc. Canadians’ debt related to mortgages represents $1 trillion, though this can be viewed as an appreciable investment….