Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Canada joins allies targeting Russian banks, pipeline project over growing Ukraine crisis - CBC News + MORE Feb 22nd
Canada joins allies targeting Russian banks, pipeline project over growing Ukraine crisis CBC NewsPM unveils 'first round' of sanctions against Russia CTV NewsCanada sanctions Russia, promises more troops to Latvia after Ukraine incursion CP24 Toronto's Breaking News.... More »
Hubert Financial Review: An Online Bank that Aims to Make You Happy Nov 29th
For generations, Canada’s credit unions have served their local communities, by offering a range of financial products, generous savings rates, and a relentless focus on customer service.
However, with the advent of digital banking, more and more credit unions are broadening their scope and can no.... More »
How does a reverse mortgage work in Canada? + MORE Aug 29th
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
At the open: TSX ticks higher as banks gain, energy stocks weigh Nov 16th
Wall Street rises after strong Wal-Mart, Cisco earnings
.... More »
Central banks are intrinsically conservative to keep our money safe: Don Pittis + MORE Dec 5th
In the era of Donald Trump, it seems inevitable that the entrepreneurial urge to make hay while the sun shines is headed for a collision with the restraining forces of central banking..... More »
The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro.
The 6 best cities to buy a rental property
– moneysense.ca
Market appreciation, cap rates, quality of tenants, job growth, these are just a few of the factors that goes into determining whether or not a rental property is a good investment. Perhaps the most important measure—especially for new or smaller landlords—is cash flow. Based on the analysis from 2016 Best Deals in Real Estate: Where to buy now report, that was just released, here are the six best cities to buy a rental property based on average cash flow.
Of course, it’s always best to do your own research. For instance, do you want more information on whether or not a rental property is a good idea? What about information on whether or not a TFSA can be used to purchase a rental property? You may also want to educate yourself on how banks calculate debt ratios and how rental income is factored into these calculations. If you’re in the market to buy an investment property, you should also learn when to sell that property you may also need to ask yourself some hard questions, like are you really ready to be a landlord?
Read more from Romana King at Home Owner on Facebook »
The post The 6 best cities to buy a rental property appeared first on MoneySense.
Your Jet Set Savings Guide
– ratesupermarket.ca
March Break is nearly here, and for many winter-weary Canadians that means a welcome jaunt to a sunnier climate. However, travelling may be harder on the wallet this year due to weaker spending power. But not to fear, would-be vacationers – this week’s travel tips will have you enjoying life in the jet set in no time. Read on for the full story.
INFOGRAPHIC: How to Fly for Free
A weaker Canadian dollar may be clipping vacationers’ wings, but there’s no need to settle for a staycation! There are tons of travel rewards credit cards on the market that can help offset your travel costs – but finding the right one (and understanding how points work) can be confusing. Check out our infographic for insider tips on taking to the skies for less.
Read Penelope’s Blog | How to Fly for Free
Travel in Canada Grows Due to Weak Loonie
Did you know: a vacation in the U.S. could cost you 30% more this year? It’s no wonder canucks are choosing to stay north of the border this vacation season, according to a recent Expedia study…
Canadian Credit Card Debt Hits 3-Year High
– ratesupermarket.ca
Credit card debt is on the rise among Canadians, according to a new report. So much so that the average credit card debt of $3,610 has hit a three year high, says credit agency TransUnion.
While it’s not unusual to observe increased credit card use after the holidays, says Jason Wang, TransUnion’s director of research and analysis in Canada, the actual amount of outstanding debt is surprising.
“Compared to 2014, consumers used their credit cards much more during the 2015 holiday season,” Wang explains. “Our forecast model predicts that average credit card balances will remain around $3,800 for the rest of 2016, and we don’t expect consumers to significantly reduce their card debt in the near future.”
Related Read: How to Tackle High-Risk Debt>
Car Loan Payments An Increasing Problem
But that’s not the half of it. There’s also been a sharp spike in delinquencies – the percentage of debt payments overdue by 90 days or more — on car loan payments over the same period…
