Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st

All about Canadian investments. Learn the ins and outs and get the latest news.

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OAS payment dates in 2025, and more to know about Old Age Security + MORE Jul 28th

If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »

The best GIC rates in Canada for 2025 + MORE Nov 24th

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. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

4 underused tax and financial benefits Canadians are overlooking + MORE Jul 29th

There are plenty of saving accounts, tax benefits, and federal and provincial programs available to Canadians. Here’s a round-up of four opportunities that you may be missing out on. Canadian Dental Care Plan The Canadian Dental Care Plan (CDCP) was first introduced for children, senio.... More »

The best GIC rates in Canada for 2026 May 25th

Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th

Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »

Why are mortgages so expensive in Canada? A look at 2024 and 2025

– moneysense.ca

Housing affordability—while still extremely expensive in many of Canada’s major real estate markets—was all over the map in 2024, as central bank interest rate cuts reduced mortgage rates, and a lack of demand in the first half of the year kept a lid on buyer competition.

According to the year-end affordability report compiled by Ratehub.ca, home prices ended 2024 at higher levels in 11 of the 13 markets studied, but the effects of easier borrowing costs helped offset steeper costs, improving overall affordability in nine regions. The study determines how affordability conditions evolve in real estate across Canada by calculating the changing amount of income required to qualify for a mortgage in each city. The report is based on 2024 real estate data from the Canadian Real Estate Association (CREA), as well as mortgage and stress test rates.

The December 2024 calculations (updated monthly, so bookmark this page) show that during the 12-month period, the average five-year fixed mortgage rate lowered from 5…

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Sweeping tariffs could be 3% hit to Canadian economy

– moneysense.ca

A CIBC report says sweeping tariffs imposed by the U.S. could cost the Canadian economy as much as 3.25%, even factoring in possible exemptions for the oil and gas sector.

An analysis published Tuesday examined four potential scenarios in which U.S. President Donald Trump slaps new taxes on goods imported from Canada, ranging from 10% to 20% and with possible carve-outs for key industries.

Speaking with reporters on Monday evening, Trump said he’s thinking about hitting Canada and Mexico with 25% tariffs on Feb. 1.

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