How to go about securing the best return for your investment in Canada.
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Live updates: Election results and balance of power in Congress - CNN + MORE Nov 9th
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School software hack hits school boards across six Canadian provinces - CTV News + MORE Jan 13th
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Making sense of the markets this week: July 21, 2024 Jul 19th
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.
Inflation continues to fall as temperature rise
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Video: How the Bank of Canada’s interest rate affects you Apr 12th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
Getting ahead financially while renting may be your new, realistic, goal. Considering that for roughly three-quarters of Canadians, owning property has become virtually unattainable, the concept that homeownership is the marker of financial success might need an update. We’ve all read about it in the news, but it bears repeating: Canada is in the midst of an affordable housing crisis. According to a recent index, Vancouver is officially the least affordable city in North America to live in. Even Hamilton, Ont., is now considered a steeper market than New York (New York City!). But soaring real estate costs across the country might be just one small reason to consider joining the long-term renter’s club.
“There are a number of reasons why renting works better for a lot of Canadians,” says Millie Gormely, a financial consultant and certified financial planner at IG Wealth Management in Thunder Bay, Ont. “Renting can actually create freedom, both physically, since you’re not tied down to a house, and financially, when it’s done right,” she says…
