Discouraging work from home option post-pandemic could impact retaining talent: KPMG partner
As vaccinations rise and COVID case counts lower, a return to normal is in sight. However, some employers that are trying to get people back into offices are clashing against workers who have embraced the working from home lifestyle as the new normal. 39 per cent of U.S. adults said they would consider quitting if their employers weren’t flexible about remote work and 49 per cent of Gen Z and Millennials said the same thing according to a poll by Morning Consult on behalf of Bloomberg News. Despite CEOs like JPMorgan Chase & Co.’s Jamie Dimon saying in-office work is necessary “for those who want to hustle,” some employees have a different idea.
Toronto home prices hit record high
If you were thinking of buying a home in Toronto, think again. The average price of a home rose to $1.1 million last month according to data released by the Toronto Regional Real Estate Board (TRREB). Despite a pullback in home sales seen in May, some are still eager to get into the market. “People actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices,” said TRREB Chief Market Analyst Jason Mercer.
Picking between low fee brokers or experienced advisors
Discount broker Questrade and Royal Bank of Canada are dueling it out over the basic function of investment advisors. Questrade is claiming customers can retire up to 30 per cent wealthier by ditching high-fee advisors and investing in pre-built portfolios of exchange-traded funds (ETFs). On the other hand, Royal Bank of Canada argues there are several hard-to-measure value-added services that come with a professional advisor such as risk management tailored to a client’s goals, asset allocation, and tax and estate planning. Who would you side with?
Vancouver housing market intensity subsides
The real estate market in Vancouver cooled off in May but the Greater Vancouver Real Estate Board says sales still remained active. Despite activity not breaking record highs, the board says transactions were 187.4 per cent higher than those recorded last May. The board's economist Keith Stewart says the less intense market signals home sellers should work with their agents to make sure property prices reflect current market conditions.
Purpose Investments' new fund tries wooing retirement savers
Many Canadians worry they won’t have enough savings for when they retire. Purpose Investments is trying to tackle that uncertainty with their recently launched Longevity Pension Fund. CTV’s Chief Financial Commentator Pattie Lovett-Reid looks into the details of this new fund and what it has to offer investors.