“How can I lower my auto insurance bill during COVID-19 lockdown?” + MORE May 3rd

How to go about securing the best policy for your insurance in Canada.
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Canada’s best travel credit cards 2020 + MORE May 15th

With a good travel credit card in your name, going on a trip can suddenly become affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the flexib.... More »
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The GIC Laddering Strategy: Reach for Returns with Safety Jun 20th

When you save for retirement through investing, you have two main goals: to grow your money but also to protect what you put in from being wiped out. So, for most people, it makes sense to put a portion of their money into fixed-income products that keep their principal safe and provide a steady s.... More »
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Prospective home buyers feel the heat over new mortgage rules, but all hope is not lost, industry leaders say Jul 10th

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CMHC tightens mortgage rules in latest response to COVID-19 + MORE Jun 12th

On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s latest response to the COVID-19 pandemic.  The new rules will lower the amount of debt an applicant for an insured mortgage can carry, set a hig.... More »
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What Happens When the CERB Ends? Jun 24th

The Canada Emergency Response Benefit (CERB) is designed to help Canadians cope with the loss of employment as a result of the COVID-19 pandemic. The benefit was about to expire in July for some of the earliest applicants, but it was recently extended by an additional eight weeks. Despite the exten.... More »
When was the last time you paid any serious attention to the  traffic report? 
For most of us, it’s been weeks, as we have shifted to working from home, or dealing with job layoffs related to the COVID-19 shutdown. And if you haven’t been commuting to work, chances are good that your vehicle hasn’t been getting much, or any, use during this time. 
Not driving has its financial advantages, since you aren’t gassing or charging the car up as often, and may even save money on auto insurance premiums. 
On the flipside, a vehicle that sits idle for too long could end up racking up hefty repair bills. 
Think about it this way: Vehicles are a lot like the muscles in our body, in that if we don’t use them, they’ll begin to atrophy. So just as we take steps while sheltering in place to maintain our physical well-being—daily walks, at-home yoga, getting up to stretch throughout the day—we should be doing things to ensure our vehicle stays in good working order as well.
“Sitting is one of the worst things that can happen to a car,” advises mechanic Brian Early of Auto Experts in Oshawa, Ont…

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On April 8, 2020, the Insurance Bureau of Canada released the following statement:
To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed significantly, IBC member companies are offering reductions in auto insurance premiums to reflect this reduced risk. IBC expects this could result in $600 million in savings to consumers. The reductions will continue for the next 90 days.
Additionally, insurers have supported Canadians and businesses who are most adversely affected by honouring requests to defer auto insurance premiums. Thousands of Canadians have had their premiums deferred.
The Insurance Bureau’s grand general statement, and the imprecise media reporting that followed, contributed to confusion among Canadian drivers. Yes, $600-million is a whole lot of money, but it has to be divided among more than 20 million personal use vehicles registered in Canada, for a rough average of $30 per vehicle…

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