A survey by BMO has found that a quarter of Canadians are living paycheque to paycheque and have little or no emergency savings. In its annual Rainy Day survey the mortgage lender found that the average level of emergency funds is $41,694 with a quarter having enough to last them a year or more.
But for most the picture is less rosy; 44 per cent say they have under $5000 in emergency savings, with 21 per cent having less than $1000; 29 per cent say their savings would only last one month or less. Canadians classified medical expenses (72 per cent), job loss (71 per cent), major car repairs (61 per cent) and unexpected home repairs (59 per cent) as the top emergency concerns.
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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