Making sense of the markets this week: January 21, 2024 Jan 19th
Top financial innovations of the last 25 years + MORE Feb 27th
The best balance transfer credit cards in Canada for 2024 + MORE Mar 1st
This Christie Pits home's price is 'within reach of a lot of people,' the realtor says. Here's what it's listed at Jul 13th
How much income do I need to qualify for a mortgage in Canada? Apr 17th
Can a first-time home buyer have a mortgage co-signer?
– moneysense.ca
What is the minimum down payment in Canada?
A big factor in Canadians’ ability to purchase a home is having the down payment—the amount of money a buyer pays up front when purchasing a property. This amount is taken off the purchase price of the home and is subsequently not included in the mortgage loan. So, the larger your down payment, the better—you’ll pay down your mortgage faster and pay less interest over time, and you’ll likely be able to purchase a more expensive house…
Making sense of the markets this week: September 17, 2023
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
U.S. inflation battle: Mission not accomplished
Despite increasing interest rates and hawkish talk from the U.S. Federal Reserve chair Jerome Powell, the U.S. economy doesn’t look to be slowing down anytime soon. The U.S. Consumer Price Index (CPI) update for August came out on Wednesday and the headline inflation rate was higher than anticipated at 3.7%.
On one hand, the continued economic strength is obviously good news for job seekers and Americans trying to negotiate wage increases. If you prefer to focus on inflation rates, though, this labour market strength, combined with resilient price pressures, is really backing the U.S. Fed into a corner as far as raising interest rates is concerned.
In related news, the European Central Bank (ECB) also raised interest rates this week, lifting its key interest rate to 4% from 3…
