Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best high-interest savings accounts in Canada for 2025 + MORE Aug 25th
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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Making sense of the markets this week: May 29 May 28th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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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The best GIC rates in Canada for 2025 + MORE Jan 12th
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
What is cryptocurrency? And how do you invest in it? Sep 14th
You can’t read a news site, watch a YouTube video or scroll any social media platform without coming across a reference to bitcoin, ethereum or other cryptocurrencies. Maybe your own friends and family members are nattering non-stop about their crypto investments.
Time will tell if crypto is th.... More »
Watch: What is the mortgage stress test?
– moneysense.ca
If you’ve purchased a home in the last several years, or plan to buy one soon, there’s a good chance you’ve heard about the mortgage stress test. Since 2018, the stress test has served as a set of rules banks and lenders use to determine if you qualify for the mortgage you want. It’s possible to have passed the stress test without even knowing it, so it’s good to review how it works.
This video outlines what the mortgage stress test is, why it was created, and how it applies to all Canadian home buyers, whether you are applying for your first mortgage or renewing or refinancing an existing one.
Watch: MoneySense – What is the mortgage stress test?
More on mortgages:
MoneySense Toolkit: The mortgage affordability calculator
How much mortgage can I afford?
A guide to five-year fixed mortgage rates
A guide to five-year variable mortgage rates
The post Watch: What is the mortgage stress test? appeared first on MoneySense.
