May 18, 2013
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Business to Business
Stuck in the middle: RBC poll finds Canadians struggle to address children's education, aging parents and own retirement needs
"While Canadians may see their parents' retirement experience as a model for what to expect, the reality is that their retirement may not be the same, particularly if they are part of the sandwich generation with both aging parents and school age children," said Amalia Costa, head, Retirement Strategies, RBC. "Canadians know that juggling competing financial priorities creates enormous strain on both time and money. A financial advisor can make it easier to develop a retirement plan to balance your financial commitments and family life."
Headline News
"As the economy has improved and unemployment has come down, companies, particularly smaller companies, have struggled to fill open jobs," said Ted Mallett, CFIB's chief economist and vice-president. "While unfilled jobs may seem harmless, they represent missed opportunity for business and the economy."
The British Columbia Real Estate Association (BCREA) reports that a total of 6,904 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during April, up 1.9 per cent from March on a seasonally adjusted basis, but down 2.2 per cent compared to April 2012. Total sales dollar volume declined 3 per cent to $3.65 billion. The average MLS® residential price in the province was $528,507, down 0.8 per cent from a year ago.
Canadians are more concerned about finding something wrong with the home post-purchase than a potential drop in real estate prices. Love at first sight: 80 per cent of likely buyers know if the home is right as soon as they cross the threshold
CMHC today released its 2012 Annual Report, highlighting the Corporation’s role in contributing to a stable housing finance system and in promoting an efficient housing market. “Providing a detailed examination of CMHC’s performance in 2012, this report includes in-depth information on CMHC’s mortgage loan insurance and securitization activities that have promoted an accessible, competitive and stable mortgage market throughout Canada,” said Karen Kinsley

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Person to Person
Are Canadians 'reno ready'? Majority of homeowners do not consider insurance implications before renovating
It's spring, and we're in the midst of prime house hunting season. For many homeowners who want a change without a big move, they may decide to give their home a facelift instead of moving. But research from TD Insurance has found that the majority of homeowners are not considering the insurance implications of their renovations: only 6% checked their policy to ensure they were covered during the upgrades and just 16% asked their insurer if their policy needed an update following their last renovation.
Finance

Announcements
-Heritage Education Funds is pleased to share that the provincial government in British Columbia (B.C.) is proposing a new Training and Education Savings Grant, which plans to assist more families in saving for their children's post-secondary education.
Watch this month's VERICO TV as Colin Dreyer shows you all the opportunities that are still out there! Don't miss his two personal tips for success!
Two high-quality brands partner to bring additional value to their networks and consumers
Watch this month's VERICO TV as Colin Dreyer updates you on all the new initiatives we have planned to help you with your success!
Rodney Greenlaw's son, Kyle, is a high school student in Nova Scotia who is fighting bullies in his own way! Tina and Rodney say they are extremely proud of what their son has accomplished.
VERICO Lending Partner Kid’s Colouring Contest WINNERS!

We are delighted to announce the winners of VERICO’s 3rd annual Lending Partner’s Kids Colouring Contest!