Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
How not to overspend on your next car Apr 19th
Car-buying case study: Melissa and Dave
A car is the second-largest purchase you’ll ever make in your life, and you’re likely to make it many times over. Yet, unlike the home-buying process where you might have the professional assistance of a Realtor, mortgage broker, lawyer, and Certified Fina.... More »
Invest or pay off debt: A comprehensive guide for Canadians + MORE Jan 17th
Your net worth is calculated by taking your assets and subtracting your liabilities. Both investing and repaying debt can boost your net worth as a result. The question is: which is better? In our guide about paying off debt versus investing, we cover the options from a number of different perspecti.... More »
The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC Nov 25th
Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week..... More »
The latest in mortgage news: BoC rate hike expectations grow May 13th
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year..... More »
Canadians are turning to family—and credit—to stay afloat + MORE Jul 20th
Two new surveys reveal the growing financial strain that Canadians face amid rising costs and stagnant wages.
A report from Mortgage Professionals Canada (MPC) found that 70% of recent home buyers say they couldn’t have purchased their property without financial help. A separate survey by.... More »
Latest in Mortgage News: Rising Prices Spur Talk of Capital Gains Tax on Home Sales
– canadianmortgagetrends.com
The Globe and Mail‘s Editorial Board tread into controversial territory recently by saying Canada’s “bonkers” housing market is making the case for taxing capital gains on the sale of principal residences. The editorial readily admits it would be the country’s “most unpopular tax,” but suggests it’s a discussion worth having due to the enormous tax-free gains being made by today’s sellers. “No one likes taxes. But this unique hole in the tax code is big, and it encourages Canadians to […]
How much does life insurance cost in Canada?
– moneysense.ca
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance at all. But before you veto the idea altogether, let’s look at how much life insurance can cost.
First, what is life insurance?
Life insurance is a policy you pay into in regular installments, and in the event of your death, your beneficiaries get a payout. The contents of your specific policy will vary based on your needs, but it can pay for end-of-life expenses such as a funeral, as well as settle debt obligations including a mortgage, an auto loan and credit card bills. Most importantly, a policy can make life easier for your family when you’re gone by helping them keep their home, covering their everyday living expenses and supporting their plans for the future, the cost of your children’s post-secondary education, for instance…
First, what is life insurance?
Life insurance is a policy you pay into in regular installments, and in the event of your death, your beneficiaries get a payout. The contents of your specific policy will vary based on your needs, but it can pay for end-of-life expenses such as a funeral, as well as settle debt obligations including a mortgage, an auto loan and credit card bills. Most importantly, a policy can make life easier for your family when you’re gone by helping them keep their home, covering their everyday living expenses and supporting their plans for the future, the cost of your children’s post-secondary education, for instance…
