Retirees in Canada spend on average $2,400 each month with housing the largest single cost. A study by BMO Financial Group reveals that average costs for a mortgage or rent and associated fees is $688 with bills, transportation and clothing the second highest expense at $581. Food including eating out adds up to $442, there’s $282 for travel, $167 for entertainment and $151for medical expenses. This all adds up to $28,000 each year. More than half of respondents say that have spent at least $10,000 on single items; 41 per cent have bought a vehicle, 22 per cent have undertaken home renovations and 11 per cent have gifted money to relatives.
MBN
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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