Downsizing: How to Optimize your Living Space (Part 2 of 2)
Government Funding

Downsizing: How to Optimize your Living Space (Part 2 of 2)

Last week I wrote Part 1 of Downsizing: How to Optimize your Living Space, which explained trends in increasing living space per person. This trend was inconsistent with a reducing household headcount and flat-line house building costs, creating an excess in living space not seen in other countries. The solution to this issue, unfortunately, is…

Eastern Ontario Development Fund Awards $1M to Peterborough Airport
Government Funding

Eastern Ontario Development Fund Awards $1M to Peterborough Airport

The Government of Ontario has dedicated up to $1,000,000 in Ontario government grants to aid the City of Peterborough. This Ontario government funding will be part of the $4,153,700 airport expansion project, which will invest in infrastructure, facility upgrades, and facility expansions for Peterborough Airport. This Ontario government grant investment aims to strengthen the aerospace…

Home Ownership as an Investment
Business Strategy

Home Ownership as an Investment

In Canada, home ownership is widely seen as a key part of a long-term personal investment strategy. The 2011 National Household Survey (NHS) conducted by Statistics Canada reveals that 69% of households own their own homes (including both mortgaged homes and fully paid off). Unfortunately, home purchase is not necessarily a strong investment or a…

The State of Canada’s Aerospace Industry
Government Funding

The State of Canada’s Aerospace Industry

The Canadian aerospace industry is poised for strong, sustained growth. Aerospace Manufacturing and Design, a site dedicated to news and resources for Canadian aerospace manufacturers, reports that Canada ranks 3rd in global civil aircraft production, and is forecasted to grow at twice the rate of the international civil aircraft manufacturing industry until at least 2021….

The Evolving Nature of the Canadian Automotive Sector
Government Funding

The Evolving Nature of the Canadian Automotive Sector

The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…

The State of Canada’s Agriculture & Agri-Food Industry in 2015
Business Strategy

The State of Canada’s Agriculture & Agri-Food Industry in 2015

In my first year with Mentor Works, I have been given the opportunity to compile and present key information pertaining to important sectors of the Canadian economy, especially those of which the Federal and Provincial Governments have targeted government funding initiatives towards. I have adapted my industry reports into blog posts so that our readers…

Personal Finances: Efficiency in the Rental Market
Business Strategy

Personal Finances: Efficiency in the Rental Market

As Mentor Works’ resident Fresh Prince of Frugality, I am constantly thinking about how I can reduce my living expenses to increase my flexibility to save, invest, and plan for the future. I often hear people discussing whether or not renting makes financial sense. Owning your own property has several major benefits, and renting can…

Canadian Consumer Debt
Business Strategy

Canadian Consumer Debt

At over $500 billion in 2014, Canadians’ consumer debt levels are cause for alarm. Consumer debt encapsulates the outstanding debt of consumers that funds consumable goods which do not appreciate in value, including vehicle loans, item purchases, etc. Canadians’ debt related to mortgages represents $1 trillion, though this can be viewed as an appreciable investment….