The best credit cards for newcomers to Canada for 2024 + MORE Feb 2nd

Learn more about Canadian mortgage rates, rules and the latest news – read on!

Latest News

Mortgage brokers explained: What they do, and what they don’t (Part 1) + MORE Nov 12th

The first article in our three-part series breaks down what brokers actually do — and don’t do — and why some misconceptions persist..... More »

Part 1: Beating the Math: Why Politicians Are Failing Homebuyers and What you can do. Apr 21st

If you are trying to buy a house in Canada right now, the math is completely broken. Instead of treating the root causes of the housing crisis, politicians are serving up PR stunts that do very little to actually put keys in the hands of hardworking Canadians. Let’s look at the reality of the .... More »

What’s better for buying a second home: HELOC or personal loan? + MORE Aug 8th

Ask MoneySense I am considering taking out a HELOC loan to buy another property. Is this a wise decision, or would a loan be better? My bank advises me that I can qualify for a $400,000 HELOC. –Caren When buying a second property, Canadians can choose from a number of financing options, inc.... More »

How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »

How your rent payments can help build your credit history + MORE Oct 4th

Paying rent, much like a mortgage, can often be a person’s biggest monthly expense. Yet, there hasn’t historically been a way for renters to get credit for making these large payments on-time like homeowners. New rent-reporting platforms are aiming to change that. These platforms act as.... More »

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

– canadianmortgagetrends.com

The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988.

Continue Reading On canadianmortgagetrends.com »

Inside M3 Group’s new partnership with nesto: what the deal means for brokers

– canadianmortgagetrends.com

Both nesto and M3 Group say the timing was just right for their recently announced partnership, which is poised to shake up Canada’s mortgage broker industry.

Continue Reading On canadianmortgagetrends.com »

The best credit cards for newcomers to Canada for 2024

– moneysense.ca

Credit Cards

The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.

Compare now

Canada’s best credit cards for newcomers

By Keph Senett on February 1, 2024Estimated reading time: 16 minutes

In Canada, having a good credit score can help you secure a rental and get a loan or a mortgage, but it’s hard to know where to start when you don’t have a Canadian credit history or a credit card. One of the fastest ways to start building your Canadian credit score is to use a credit card responsibly, because banks and financial institutions report back to the credit bureaus that determine your score. For this reason, it’s important for newcomers to get a credit card, even without an established history…

Continue Reading On moneysense.ca »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

Share