Stress Test

Climate change is a growing concern for many young Canadians, with some questioning where they should live, what they should be saving for and how they should invest. Others wonder whether they should bother planning for a future at all. But is there a smart way to weave our climate concerns into our personal finance decisions?  Certified financial planner Shannon Lee Simmons, who says this issue comes up all the time among her clients, shares her thoughts on how to arrange your finances amid climate uncertainty. Plus we hear from a 36-year-old Torontonian who considers his environmental footprint with every decision he makes. 

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A $5,700 wedding dress for $64. Expensive baby items for a fraction of the price. Construction materials to renovate a home.  When you need something, buying used is a great way to save a pile of cash and keep perfectly good items out of landfills. It isn’t a new phenomenon, but it’s gaining more popularity as living expenses soar. In this episode, three guests share their experiences thrifting and their advice for others to get a good deal.

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For the one in six Canadian couples who experience infertility, the path to having a baby can be difficult emotionally, physically and financially. Same sex couples and people trying to get pregnant without a partner are on the same road. And for all these aspiring parents, fertility treatments aren’t cheap. In this episode, Roma speaks to Dr. Tamara Abraham, a reproductive endocrinologist and infertility specialist, about the IVF process. Plus, several Canadians who are undergoing fertility treatments share what it’s costing them and things to consider now if you’re interested in having kids one day.

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Tax season can be, well, taxing. Whether you’re a gig worker trying to keep track of receipts or a remote employee struggling to figure out how much home office space to claim, filing a return can be daunting. We know most of you don’t have an accountant on your favourite contacts list, so we’re dedicating this episode to all things taxes. Rob speaks to expert Jamie Golombek to demystify some tax basics and offer tips to get you through this tax season.

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In 2022, the number of people moving to Alberta hit its highest level in almost a decade. At the same time, a record number of people left Toronto for other provinces. And it all comes down to affordability. In this episode, we’ll delve into the factors contributing to the rise in interprovincial migration and hear from Canadians who made the move - and how it’s worked out for them.

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The economy is looking shaky and everyone’s trying to save money, whether it's on rent, groceries or just living life. The good news? The Globe’s personal finance podcast for Gen Z and millennials is back for another season. Join hosts Rob Carrick and Roma Luciw as they make sense of a changing financial reality - and help you achieve your goals. Up this season: how thousands of Canadians are leaving Toronto and Vancouver for cheaper living in Alberta, why you should care more about tax season and the high cost of fertility treatments for those struggling to have a family. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com

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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.

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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. 

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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.

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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.

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