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
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
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
Updated July 23, 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 ...
