How to go about securing the best savings strategy in Canada.
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Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 29th
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
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EQ Bank
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The best high-interest savings accounts in Canada for 2026 + MORE Feb 11th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
Wealthsimple Cash review 2024 + MORE Jul 16th
Wealthsimple Cash is a high-interest chequing/savings account that offers one of the highest interest rates in Canada. It has appealing yields and includes a prepaid Mastercard with no foreign exchange fee, so many consumers are naturally attracted to the account. Is it any good? The short answ.... More »
Students protest cuts to amount of OSAP grants they can receive + MORE Mar 4th
The current proportion of OSAP funding is about 85 per cent grants to 15 per cent loans, but starting this fall students will receive a maximum of 25 per cent of their OSAP funding as grants..... More »
Can a first-time home buyer have a mortgage co-signer?
– moneysense.ca
If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate prices have made it harder for many Canadians to afford a home. (Good news: You don’t have to actually live with the third party, if you don’t want to.) We’ll show you how this strategy, along with government programs like the new first home savings account (FHSA), can help you purchase your first property.
What is the minimum down payment in Canada?
A big factor in Canadians’ ability to purchase a home is having the down payment—the amount of money a buyer pays up front when purchasing a property. This amount is taken off the purchase price of the home and is subsequently not included in the mortgage loan. So, the larger your down payment, the better—you’ll pay down your mortgage faster and pay less interest over time, and you’ll likely be able to purchase a more expensive house…
