The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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A long trade war could mean more financial stress: Bank of Canada + MORE May 8th
The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8).
The central bank says in its latest Financial Stability Report that at the start of the year, households had, o.... More »
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns - CBC May 15th
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns CBC.... More »
The best GIC rates in Canada for 2025 + MORE Aug 11th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Best robo-advisors in Canada for 2026 + MORE Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
Variable mortgage rates regaining traction as Bank of Canada cuts rates + MORE Sep 5th
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the r.... More »
The case for buying a pre-construction home
– moneysense.ca
My wife and I bid on, and lost, nine houses before we got our 10th. I remember the day in March 2016 when the listing popped up on Realtor.ca, the online directory of homes for sale, which had become one of the “frequently visited” websites on our computer. The house ticked off all the boxes, and more, for a starter home—with the small caveat.
It didn’t exist yet.
After seeing more than 50 houses and losing nine bidding wars, the house hunt was not only becoming tiresome for us, but it was also becoming more difficult to get any house at all, let alone the one we wanted. When we saw the listing for this pre-construction home in Toronto’s west end, it shifted our thinking. Buying a new build could improve the return on our monetary investment, and give us an ROI of our time too—no more pounding the pavement, figuratively and literally, in futile search of a home.
With that found time, however, came a requirement for patience. We bought the house in early 2016, but we didn’t move in until late 2019—three years and eight months later…
It didn’t exist yet.
After seeing more than 50 houses and losing nine bidding wars, the house hunt was not only becoming tiresome for us, but it was also becoming more difficult to get any house at all, let alone the one we wanted. When we saw the listing for this pre-construction home in Toronto’s west end, it shifted our thinking. Buying a new build could improve the return on our monetary investment, and give us an ROI of our time too—no more pounding the pavement, figuratively and literally, in futile search of a home.
With that found time, however, came a requirement for patience. We bought the house in early 2016, but we didn’t move in until late 2019—three years and eight months later…
