I agree that GICs at 2.5% plus are likely the best bet for the 'preservation of capital' approach.
No dividend stock is 'safe', even one like Emera. It could have gone off the rails in 5 years for any number of reasons, ranging from a terrible acquisition, to unexpected high debt servicing costs from high interest rates, to a business interruption calamity such as multiple people killed from a facility disaster, to....pick one. IOW, EMA could be a $20 stock in 5 years with a 0% dividend yield. Nothing is for sure.
If the OP is going to gamble on dividend stocks, at least diversify the risk with some kind of income ETF.
Saving for down payment in roughly 5 years
Re: Saving for down payment in roughly 5 years
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Re: Saving for down payment in roughly 5 years
Would some thought to using RRSPs and the HBP be a consideration in this situation?
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