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The best credit cards for newcomers to Canada for 2024 + MORE Feb 2nd

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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Shelter takes larger share in updated CPI basket weights + MORE Jun 17th

The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians..... More »
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The $13 Billion Question: Will Ottawa’s “Build Canada Homes” Fix Our Broken Housing Market, or Just Build More Problems? + MORE Sep 28th

Another week, another blockbuster announcement from Ottawa aimed at solving our national housing crisis. This time, it’s a shiny new federal agency dubbed “Build Canada Homes,” launched with a cool $13 billion of your money. The promise? To slice through the red tape, leverage public lands, an.... More »

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses + MORE Mar 4th

CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren't expected to translate into "material" losses, the bank said..... More »

Renewing your mortgage? A guide for Canadians + MORE Oct 10th

More than two years have passed since interest rates took off in 2022, and though the Bank of Canada (BoC) has started backing down that ladder, holders on five-year fixed mortgages continue to face significantly higher rates and payments as their home loans come up for renewal. Even those currently.... More »

RBC warns of rising mortgage losses through 2025 with upcoming renewals + MORE Sep 4th

BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says.... More »
The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988.

Continue Reading On canadianmortgagetrends.com »

Both nesto and M3 Group say the timing was just right for their recently announced partnership, which is poised to shake up Canada’s mortgage broker industry.

Continue Reading On canadianmortgagetrends.com »

The best credit cards for newcomers to Canada for 2024

Credit Cards

The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.

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Canada’s best credit cards for newcomers

By Keph Senett on February 1, 2024Estimated reading time: 16 minutes

In Canada, having a good credit score can help you secure a rental and get a loan or a mortgage, but it’s hard to know where to start when you don’t have a Canadian credit history or a credit card. One of the fastest ways to start building your Canadian credit score is to use a credit card responsibly, because banks and financial institutions report back to the credit bureaus that determine your score. For this reason, it’s important for newcomers to get a credit card, even without an established history…

Continue Reading On moneysense.ca »

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