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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Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
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Ottawa’s financial relief deal for Air Canada: what it means for customers – Global News
– news.google.ca
Ottawa’s financial relief deal for Air Canada: what it means for customers Global NewsAir Canada, Canadian government reach agreement in $5.9-billion ‘liquidity program’ CTV NewsAir Canada signs C$5.9 billion government aid package, agrees to buy Airbus, Boeing jets Yahoo Canada FinanceFederal government, Air Canada reach deal on relief package that includes customer refunds CBC.caOttawa to take equity stake in Air Canada as part of multibillion-dollar relief package The Globe and MailView Full coverage on Google News
How financially viable is your rental property?
– moneysense.ca
After rising steadily in many cities across Canada for many years, real estate has been on a particular tear over the past year—and rental property investing has become an area of interest for plenty of people as a result.
But a soaring market isn’t a guarantee of success. If you’re thinking about becoming a landlord, you need to consider not only the purchase price and mortgage repayment costs of your property, but other financial issues as well.
How much does a rental property cost?
When purchasing a rental property, the typical down payment requirement is 20% of the purchase price. If the owner is going to occupy one of the units in a multi-unit property, there is a lower minimum. For one- or two-unit properties, a purchaser needs only 5% of the purchase price and can borrow the other 95%. However, if the property is worth more than $500,000, the minimum down payment is 5% on the first $500,000 plus 10% of the excess. A three- or four-unit rental property that will be owner-occupied has a 10% down payment requirement…
But a soaring market isn’t a guarantee of success. If you’re thinking about becoming a landlord, you need to consider not only the purchase price and mortgage repayment costs of your property, but other financial issues as well.
How much does a rental property cost?
When purchasing a rental property, the typical down payment requirement is 20% of the purchase price. If the owner is going to occupy one of the units in a multi-unit property, there is a lower minimum. For one- or two-unit properties, a purchaser needs only 5% of the purchase price and can borrow the other 95%. However, if the property is worth more than $500,000, the minimum down payment is 5% on the first $500,000 plus 10% of the excess. A three- or four-unit rental property that will be owner-occupied has a 10% down payment requirement…
