EVs have come along away, with significant improvements in range, performance and options over the last years. Overall, EVs seem to be more comfortable and provide a better driving experience. Owning an EV is cheaper when it comes to maintenance, fuel, and insurance. More government subsidies are needed to incentivize adoption in key areas. 

Owning a home is not always better than renting. In fact, we demonstrate that in especially hot housing markets like Toronto’s, renting is far cheaper than buying. This is true even when considering moderate future price increases. The example uses the rent vs buy calculator and is based on a 1-bedroom apartment I was trying to decide between buying or renting.

Trade volumes have skyrocketed over the last decades and since investors from all skill and awareness levels are joining the market, understanding investor psychology is increasingly necessary. Advances in technology have eliminated the obstacles to entry for new investors.

Housing is an important issue today and will probably remain so for the foreseeable future. Governments would have to implement land policies and create incentives. I would gear those incentives towards providing housing options by supporting the rental market. Creating options where the market has not provided can restore balance.

Planning and being patient, establishing proper habits, actively seeking savings in your regular expenses are themes drawn from the list above. This pandemic can teach us a thing or two and leave us with valuable lessons learned.