How to go about securing the best policy for your insurance in Canada.
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Filing a Life Insurance Claim: HowTo and Tips Jan 22nd
Please use this article as a guide to making a Canadian life insurance claim. How to make a claim is outlined and there are also tips to help you avoid processing issues. In addition we list possible sources of life insurance policies that could be overlooked..... More »
Home insurance: Are you covered for wildfires, floods and other climate-related disasters? Jan 19th
In 2024, severe weather caused record-breaking property damage across Canada. Home owners and insurers are reeling from the impacts of multiple disasters, including floods in Toronto, Southern Ontario, British Columbia and Quebec; the wildfire in Jasper, Alta.; and a hailstorm in Calgary. Together, .... More »
Can life insurance be used as a fixed income investment? Dec 21st
Q. I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future. I also hold a $2-million life ins.... More »
What is an Annuity? + MORE Dec 5th
The shift by employers from traditional defined-benefit pension plans, which typically guarantee income for life, to ‘over-to-you’ defined-contribution arrangements, has put more responsibility on employees for making their savings last through an unknown number of retirement years.
Lacking the.... More »
Kids new targets of identity theft + MORE Apr 12th
In the duplicitous world of fraud, it could be called the "original SIN." A parent applies for a social insurance number (SIN) for her child in order to open a Registered Retirement Savings Plan, but unless the number is protected, it can be used to create a completely new identity to apply for cred.... More »
MONTREAL – Rogers Communications’ exclusive $5.2-billion deal with the National Hockey League is seen…
Should CMHC Insurance Premiums Be Lower For First-Time Buyers?
– ratesupermarket.ca
Buying a home today is more expensive than ever. In economic hubs like Vancouver and Toronto, prices continue to climb into the stratosphere. You can expect to spend on average a whopping 87 per cent of your median household income on housing in Vancouver, while you’ll spend 62 per cent in Toronto. It’s no wonder first-time homebuyers are struggling to get started in the housing market!
No Such Thing As A Starter Home?
The housing market is quickly getting out of reach for our youngest adult generation. With bleak job prospects and an average of $26,000 of student debt, it can be tough to save even the minimum five per cent down payment. Brian Bell, a real estate broker and former mortgage default insurance executive, believes first-time homebuyers need a break. He has started a petition urging CMHC to lower its insurance premiums by 15 per cent for first-time homebuyers.
The Affordability Struggle
In Toronto the average selling price of homes reached a staggering $539,058 in October 2013…
