Best of Finance Winners: The Best Credit Cards and Banking Products for 2019 + MORE Oct 10th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Retired? No mortgage for you: How the stress test is making it tougher to borrow later in life Nov 6th

Many people are shocked to discover that the amount they can borrow decreases drastically when they retire because the stress test looks at your income..... More »
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Buying a home? Here’s how to decide how much to put down Oct 22nd

Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »

Important week for mortgage rates could cost or save you thousands. Oct 31st

Mortgage rates fell by about 1% since January of this year. That rate drop has created a surge in real estate sales across Canada, with September and October seeing a greater than average number of real estate transactions.  We also saw consumers taking advantage of these low rates by refinancing .... More »

How Your Cell Phone Can Keep You From Getting the Lowest Mortgage Rate + MORE Nov 27th

Despite what you may have heard, your cell phone payment history does affect your credit score. Cell phone accounts work differently than a credit card or a line of credit. A cell phone is an open or “O” account, which means the balance has to be paid in full at the end of each month. [&.... More »

Don’t Fear the Digital Future of the Mortgage Industry + MORE Dec 15th

There’s no denying the mortgage industry—like many others—is in the midst of a digital transformation. Depending on your perspective, that’s something that can either be feared or embraced as a new opportunity. The fear, of course, is that as the industry moves towards greater automa.... More »
Best of Finance Winners: The Best Credit Cards and Banking Products for 2019 aims to make financial decision-making easier for the consumer by acknowledging the best credit cards and banking products in Canada at its annual Best of Finance Awards. (Originally published May 15, 2019)
The credit card, loan, bank account, or mortgage you choose can affect how the future of your money, how investors and lenders look at your portfolio, potential job offers, the type of house you can rent or buy, and even the type of cell phone plan you get (pro tip: good credit may mean better deals!).
That being said, the world of personal finance, credit and investing can be a daunting one to navigate. Everyone has a unique lifestyle and budget which may lead them to choose a specific credit card or banking product over another. And it’s imperative to do your research before signing on the dotted line. With so many options available, choosing the best product can be difficult.
That’s why we at annually audit Canadian credit cards and banking accounts to see how they stack up against each other…

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Q3 2019 Bank Earnings – Mortgage Morsels


Canada’s big banks saw moderate mortgage growth in the third quarter in the midst of worsening macro economic conditions. The headwinds seem most pronounced for CIBC, which announced recently that it’s in the process of reorienting its mortgage strategy after “falling short” for investors. The bank, which has nearly 45% of its mortgage portfolio comprised […]

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