Canada is unique among many other countries as we have one of the highest rates of homeownership in the world, with nearly 70% of Canadians owning their home. The remaining 30% are renting either ...
Chris 07/18/2019
Updated July 17, 2019 There are many things you can do with a TFSA (which you can read about on our mega-guide on TFSAs) but it is mainly an investment account. However, if you don’t want to ris...
Chris 07/17/2019
What does a rate increase mean for your mortgage? That depends on the type of mortgage you have. If you have a fixed rate mortgage, then nothing changes. You will keep paying the same monthly amoun...
Chris 07/16/2019
Total mortgage debt in Canada rose to $1.56 trillion in May 2019, up 3.64% year-over-year from last May. While that may seem like a small percentage to increase, a 3.64% increase to $1.56 trillion rep...
Chris 07/12/2019
The Bank of Canada announced today, July 10, 2019, that they are keeping their overnight rate at 1.75%. This is the sixth announcement where the Bank has decided to keep rates the same. The rate was l...
Chris 07/11/2019
It’ll come as no surprise that high cost of living is getting many Canadians down. With a federal election coming up, the cost of living is at the forefront of most people’s minds. In fact, the c...
Chris 07/10/2019
Canadians have more debt, on average, than any other country in the world. Even with the vast majority of debts coming from mortgages (70% of all debt in Canada is mortgage debt), Canadians still owe ...
Chris 06/24/2019
Amazon is finally relaunching its credit card in Canada, this time with MBNA rather than Chase. MBNA is a division of TD Canada Trust, but has its own line of credit cards and banking products, simila...
Chris 06/20/2019
Nearly every credit card in Canada charges an extra 2.5% on any foreign currency purchase. This is on top of the spread you already paid through your credit card’s exchange fees; you never get the t...
Chris 06/19/2019
UPDATE: June 18, 2019 Some more information was just released from the government about the new First Time Homebuyer Incentive run through CMHC, so it’s about time we went back and updated our old ...
Chris 06/18/2019
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
Updated July 17, 2019 There are many things you can do with a TFSA (which you...
The institution number is always a 3-digit code that signifies a certain bank. T...
It’s going to be easier for self-employed Canadians to get a mortgage, thanks ...
