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The best high-interest savings accounts in Canada for 2024 May 2nd
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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The 11 best travel credit cards in Canada for July 2023 + MORE Jul 13th
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The 11 best travel credit cards in Canada for July 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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B.C. announces 3-day cooling period for home sales to reduce risk for buyers - CBC.ca Jul 21st
B.C. announces 3-day cooling period for home sales to reduce risk for buyers CBC.caB.C. homebuyer protection period announced amid real estate crunch CityNewsB.C. announces consumer protection policy for homebuyers in competitive market - BC News Castanet.netB.C. sla.... More »
What types of tax-free savings accounts (TFSAs) exist? + MORE Nov 29th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st
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.
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6 smart strategies for first-time home buyers
– moneysense.ca
If you’ve been thinking about buying a house, you may be wondering how you’ll know when it’s “the right time.” If you don’t have a 20% down payment saved up, is it still OK to consider buying? If you can’t afford your forever home, should you still jump into ownership now? And does the COVID-19 pandemic change the rules for first-time home buyers?
Smart people who consider those questions—and more—every day respond with these six pieces of practical advice.
1. Get a real pre-approval
Too many buyers are out there shopping, armed with only a cursory pre-approval from an online calculator that provides a top-level estimate of what you might qualify for, says mortgage broker Ron Butler, who services clients in the Greater Toronto Area, Ottawa, Vancouver and Calgary. “But a true pre-approval is actually a sophisticated process, requiring the detailed attention of a potential lender,” he adds, “that will depend on your credit score, a thorough analysis of your income, and the nature of your down payment, among other factors…
Smart people who consider those questions—and more—every day respond with these six pieces of practical advice.
1. Get a real pre-approval
Too many buyers are out there shopping, armed with only a cursory pre-approval from an online calculator that provides a top-level estimate of what you might qualify for, says mortgage broker Ron Butler, who services clients in the Greater Toronto Area, Ottawa, Vancouver and Calgary. “But a true pre-approval is actually a sophisticated process, requiring the detailed attention of a potential lender,” he adds, “that will depend on your credit score, a thorough analysis of your income, and the nature of your down payment, among other factors…
