Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
What to do when your mortgage renewal is declined + MORE Aug 27th
If you have a mortgage, you probably know that you need to renew it every so often—typically every two to five years depending on the term you choose—until you pay it off. What you might not realize, however, is that your lender is under no obligation to renew that mortgage contract when your te.... More »
BMO credit cards: A breakdown of the bank’s best cards 2021 May 15th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Feb 10th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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How Long Does an e-Transfer Take? Nov 4th
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to speed up the process?
In this article, I explain why some e-Transfers are almost instant, and others can take .... More »
A Decline in House Prices Could Lead to an Increase in Mortgage Defaults
– ratesupermarket.ca
The COVID-19 pandemic has had a profound impact on the Canadian economy. While the number of new cases is now trending in the right direction in many parts of the country, the economic carnage will continue to be felt for some time. One area that is being closely watched is the real estate sector. There is a growing fear that we could soon witness a wave of forced sales and foreclosures in the wake of the pandemic.
As the potential for the spread of the virus became apparent earlier this year, governments at all levels in Canada ordered much of the economy to be shut down. This led to a record surge in unemployment. To offset the sudden loss of income experienced by millions of Canadians, the federal government quickly rolled out the Canada Emergency Response Benefit (CERB).
The country’s banks and other mortgage lenders also rose to the challenge by allowing its customers in need to defer their mortgage payments for up to six months. This deferral period has saved many from defaulting on their mortgages…
A Decline in House Prices Could Lead to an Increase in Mortgage Defaults
– ratesupermarket.ca
The COVID-19 pandemic has had a profound impact on the Canadian economy. While the number of new cases is now trending in the right direction in many parts of the country, the economic carnage will continue to be felt for some time. One area that is being closely watched is the real estate sector. There is a growing fear that we could soon witness a wave of forced sales and foreclosures in the wake of the pandemic.
As the potential for the spread of the virus became apparent earlier this year, governments at all levels in Canada ordered much of the economy to be shut down. This led to a record surge in unemployment. To offset the sudden loss of income experienced by millions of Canadians, the federal government quickly rolled out the Canada Emergency Response Benefit (CERB).
The country’s banks and other mortgage lenders also rose to the challenge by allowing its customers in need to defer their mortgage payments for up to six months. This deferral period has saved many from defaulting on their mortgages…
