(NC) While most older Canadians say that their finances haven’t been significantly impacted by the COVID-19 pandemic, it has led to them re-evaluate how they spend, save and invest their money.

A recent survey found that in 2020, those between the ages of 55 to 75 were more likely to spend their money in meaningful ways, such as by providing financial support to family and friends who have been negatively affected by the pandemic, and increasing commitments to a family legacy or charitable giving.

This age group has been able to accumulate more savings due to spending less on leisure activities over the last year, and this is especially true if they were using a financial planner. But during this uncertain time, many have also taken proactive measures to safeguard their finances through their retirement years.

Nearly a third have taken the opportunity to stress-test their retirement needs, while others are looking to new investment strategies to help their money last longer, including adjusting their portfolios and risk tolerance, or exploring safer investment options that?can guarantee income.

"As Canadians approach retirement, financial needs and goals begin to change, impacting the way we spend and how we invest our savings," explains Selene Soo, director of wealth insurance at RBC Insurance. "Speaking with a professional like a financial planner or insurance advisor helps ensure they can provide financial support or increase their legacy while still having enough income to last over the years."

In addition to keeping would-be retirees on track with spending and savings goals, advisors can provide access to products that help protect, grow and preserve saved money. For example, segregated funds include guarantees and several advantages that mutual funds don’t, such as estate-planning benefits, while annuities provide a predictable income stream for as long as the holder lives, regardless of whether financial markets rise or fall.

Find more information and solutions at rbcinsurance.com/retirement.


(NC) Did you know the bathroom is the most renovated space in the home? Use these quick tips to create a relaxing retreat from everyday life:

Consider Open Shelves

Create the illusion of more space and add room to store and organize your items with open shelving. Floating and standing shelves are inexpensive but can be cutely decorated with baskets, plants and candles.

Choose Durable Materials

Whether you’re changing the paint, tile or flooring, remember that all surfaces in a bathroom are exposed to more water and moisture than other areas of the home. So, invest in high-quality materials such as porcelain or cast iron that will look fantastic and stand the test of time.

Leave Plumbing Alone

While tempting to relocate the tub or sink, moving plumbing fixtures is a major and expensive undertaking. For a fresh and affordable change, swamp out the hardware for trendy matte black or bronze.

Refresh Your Medicine Cabinet

Now’s the time to make sure you have all the essentials and splurges that add comfort and a touch of luxury to your bathroom. Great for moisturizing dry skin, lanolin cream is perfect for combatting artificial air and extra handwashing. Try Medela's Purelan lanolin cream to lock in moisture all day.


Find more information at medela.ca


Curious about Simcoe County real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our instant home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and Simcoe County real estate market better.