immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Home Ownership: Canadian Press and Canadian Millennials

home ownership: With restaurants, shopping, and other forms of entertainment off the table, many Canadians are spending less, but most of us aren't getting any richer, according to CTV. Millennials -- a generation defined by economic precarity -- are well aware that most universal rules aren't equally useful for everyone. Gone are the days -- if they ever existed -- when cutting back on lattes was the key to financial freedom and staying away from avocado toast was a one-way ticket to home ownership. The Canadian Press spoke with three Canadian millennials who shared the most overrated pieces of financial advice they've ever received. The Toronto-based founder of Requity Homes grew up in China, and says her parents taught her the importance of paring back her spending from a young age. CUT YOUR DAY-TO-DAY SPENDING 31-year-old Amy Ding was raised with frugality at the fore. (www.immigrantscanada.com). As reported in the news.