Strategies for financing home renovations Sometimes financing the renovations for your house, or condo is crucial before you can give your project the green light. Here are some ways to...
Marcy Mivehchian 09/19/2019
What is mortgage default insurance? Mortgage default insurance is commonly referred to "CMHC Insurance" because the largest provider in Canada is the Canadian Mortgage and Housing Corporation. Howev...
Ali 08/22/2019
If you asked any investor what the one thing they hated most was, I’d wager a good portion would say “taxes”. There’s a reason that so many rich people go to great lengths to hide their money ...
Chris 07/23/2019
Updated July 23, 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 07/23/2019
As you may know, it’s the law in Canada that all mortgages that have a down payment of under 20% must be insured. The insurer is usually the Canadian Mortgage and Housing Corporation (CMHC), which i...
Chris 07/22/2019
Buying a home is a huge undertaking, especially if you’re a first-time homebuyer. There are first-time homebuyer programs in Canada that can help you save money when buying a home, but the governm...
Chris 07/19/2019
The single most important mortgage rate in Canada has finally dropped, years after the last decrease. The mortgage stress test rate, formerly at 5.34% is dropping to 5.19% on July 22, 2019. The last ...
Chris 07/18/2019
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
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
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
The institution number is always a 3-digit code that signifies a certain bank. T...
Updated July 23, 2019 There are many things you can do with a TFSA (which you...
It’s going to be easier for self-employed Canadians to get a mortgage, thanks ...
