How to go about securing the best return for your investment in Canada.
Latest News
Converting mutual funds: The benefits, the risks and the costs Jan 25th
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
.... More »
A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
The best GIC rates in Canada for 2025 May 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
5 ways to invest sustainably for Canadian investors + MORE Apr 21st
Sustainable investing means different things to different people. For some it is about avoiding certain activities or industries. Others see it as a more proactive approach—making a positive difference. Not just “do no evil” but being a force for change.
A helpful way to think about the ran.... More »
Should you pay off a personal loan early? Mar 12th
With bonus and tax refund season underway, the same question tends to resurface: is it worthwhile to make a lump sum payment toward your personal loan, or could that money be better used elsewhere?
In many cases, early repayment reduces interest and removes a monthly obligation. But the decision .... More »
Financing Basics for First Time Rental Property Owners
– investitwisely.com
Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you make the leap.1. Down Payments
For many investors having difficulty obtaining a mortgage or other loan for a rental property, or if you’ve been offered interest rates that are too high to make the venture profitable, consider a larger down payment. At least 25 percent should help cut the interest rate considerably, and 50 percent can open the door to many other types of financing. Of course, this may also mean delaying your purchase while you save up the cash, but it may be worth it to be in a more favorable position.
2. Online Lenders
Local banks and credit unions can be excellent options for financing your real estate investment, especially if you already have a great relationship and history with an organization…
