Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
What happens when your landlord misses mortgage payments? + MORE Jun 11th
You held up your end of the bargain and paid your rent on time—only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. Panic sets in, as you don’t know if you can continue to call this place your home. Experts say there are a number of ways thi.... More »
Ask the Expert: Can the new Liberal housing plan solve Canada’s housing crisis? Jun 14th
Recently, Prime Minister Mark Carney and the Liberal party unveiled Building Canada Strong, a new ambitious housing plan to accelerate residential construction with the goal of building 500,000 homes a year.
Their most notable policies include cutting development fees for new cons.... More »
Latest in Mortgage News: Despite Challenges, Majority of Canadians Plan to Buy a Home Jan 22nd
Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.... More »
Higher renewal costs test household budgets in Ontario and B.C., says Equifax Sep 13th
Equifax reports that rising renewal costs are testing household budgets, with Ontario and B.C. most exposed, while mortgage growth remains muted..... More »
How to find room to save in 2026—even with tight budgets Jan 11th
Saving more in 2026 is a common new year’s resolution, but with budgets tight and inflation driving the cost of groceries and everyday necessities higher, it’s easier said than done. Financial planning experts say it takes a careful review of where you’re spending to find ways to s.... More »
Mindful Spending and Saving Through COVID-19
– ratesupermarket.ca
People are finding new ways to run errands and complete daily tasks while the COVID-19 emergency orders are in place. Although these are challenging times, quite a few services can be ordered straight to your doorstep. Shopping is still at our fingertips and seemingly more accessible than ever.
For some, this can result in panic shopping or buyer’s remorse. The continuing lack of routine can throw off your finances and leave you ill-prepared for financial emergencies.
How to Plan Your Purchases and Avoid Overspending
Forming a strategy can help you make mindful purchases, steer clear of debt, and add to your savings. To start, you’ll need to create a budget.
Build a Budget
To create a budget, you’ll need to list your income (the money coming in) and all your monthly expenses (the money going out). Generally, these monthly expenditures will fall under one of two categories, necessary expenses and discretionary costs.
Necessary expenses are outgoing costs such as rent or mortgage payments, food, utilities, and other routine bills…
