The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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David Olive: BlackBerry stock popped while CAE dropped — here are this week’s corporate winners and losers + MORE Jan 25th
Stock surges and setbacks for the week ending Jan. 22.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Aug 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
How long should you hold a cryptocurrency investment? Apr 7th
I’m new to investing in bitcoin and ether, but a long-time investor. But since cryptocurrencies are relatively new as investments, I was wondering if you could explain what it means to be a long-time crypto investor. How long should I hold on to it?—Sadie
A long-time investor is someone who, .... More »
Wealthsimple Trade in-depth review 2021: The pros and cons Mar 6th
Since making its debut in 2014, Canada’s Wealthsimple has helped to demystify investing for hundreds of thousands of regular people who want to grow their money. The company’s success thus far is unquestionable: As of late February 2021, its AUM (assets under management) have been valued at $8.4.... More »
Is real estate the best investment for a Canadian retiree? + MORE May 12th
Real estate investing has its merits. And certain markets have performed exceptionally well in Canada over the past generation. But sometimes, especially as you approach retirement, you should reconsider your real estate strategy.
Which has better returns? Real estate versus stocks
Some Canadi.... More »
“Is it time to buy a home, or should I continue renting?”
– moneysense.ca
Early in the summer of 2020, I wrote about how the uncertainty of the COVID-19 pandemic had some home buyers reviewing their decision to jump into the housing market. After a quiet spring season, there’s been a resurgence in housing demand in markets across the country, with record-breaking sales noted for June and July. As Canadians return to the housing market, one of the biggest questions for prospective first-time buyers with an impending move remains: Should I continue to rent, or should I take the leap into home ownership?
The answer to that question is, perhaps unsurprisingly, that it depends on your circumstances. The decision to move is often equally a lifestyle and financial decision, and it varies for each one of us based on our needs and preferences. Here are the key considerations to keep in mind as you navigate your own decision to buy or rent, along with some concrete examples on how to approximate and compare your financial costs in each scenario.
1. What’s your time horizon?
As you plan your move, it’s important to ask yourself how long you intend to live in your new home…
The answer to that question is, perhaps unsurprisingly, that it depends on your circumstances. The decision to move is often equally a lifestyle and financial decision, and it varies for each one of us based on our needs and preferences. Here are the key considerations to keep in mind as you navigate your own decision to buy or rent, along with some concrete examples on how to approximate and compare your financial costs in each scenario.
1. What’s your time horizon?
As you plan your move, it’s important to ask yourself how long you intend to live in your new home…
