Description: For those of you getting set to graduate and enter the workforce, do you see a house purchase in your immediate future? If so, you may want to take a look at this handy tool CBC news reported on this week. This simple to use tool gets you to fill in a simple four corner dashboard looking at your key financial information, such as income before taxes and your expected mortgage interest rate. Out comes a suggestion on how much of a home you probably can afford.

Date:  April 10, 2024

Source:  cbc.ca

 Link: https://www.cbc.ca/news/canada/what-s-the-most-expensive-home-you-could-afford-1.7151065

Discussion points:

1) Do you want to purchase a home soon after graduating? How about your classmates?

2) Using the CBC tool, how much of a home can you afford?

3) In Illustration 2-12 of Wiley’s Financial Accounting: Tools for Business Decision-Making we read about the three main classifications of financial ratios. Which of these classifications is most applicable to the personal finances of a home owner with a mortgage?