Switching to a better bank account Dec 17th

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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The latest in mortgage news: uninsured posted rates at decade-highs + MORE Mar 11th

Uninsured posted rates from Canada's Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada..... More »

Mortgage industry reps provide feds with proposals to address housing affordability Nov 13th

Representatives from Canada's mortgage industry presented the federal government with several proposals they say will help address the country's housing affordability crisis..... More »

Should you loan money to someone who is house rich and cash poor? May 19th

My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP. She is wondering how best to manage. Should she sell now and rent for a.... More »

2023 mortgage market year in review Dec 31st

As we wrap up a year full of economic twists and turns—and interest rate ups and downs—we wanted to look back at some of the top mortgage-related stories that graced our pages in 2023..... More »

The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow Jun 15th

Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising..... More »
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles. 
But what if you’re looking for a bank account with more perks? With 88 banks in the country, there’s enough choice out there for those who want to switch. But the process is time-consuming and, frankly, confusing. Where to start? If you’re looking to change banks, here’s how to switch without disruptions to your paycheque or recurring bill payments—and without a lot of stress for you.  
Decide where to move your money
First step: Figure out what you want from your new bank. It could be a more flexible chequing account with no fees on everyday transactions, a decent interest rate on savings, a rewards program or better customer service. (Scotiabank’s Ultimate Package*, for instance, offers all of the above, and waives up to $139 credit card fees each year…

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