How to go about securing the best savings strategy in Canada.
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Trans-Pacific Partnership unlikely to lower grocery or car costs much + MORE Oct 6th
The Trans-Pacific Partnership trade and investment deal is unlikely to pass on significant cost savings to Canadian shoppers buying groceries or cars, experts say, despite opening up more free-trade in those industries..... More »
Canada’s best dividend stocks for 2023 + MORE Feb 20th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
The year 2023 couldn’t have arrived fast enough for Ca.... More »
What is a mortgage? Nov 14th
Mortgage negotiations can be overwhelming, especially for first-timers. If you’re wondering about mortgages—how they work, what types of mortgages exist, who can apply and how to get approved—you’ve come to the right place.
Mortgage: the simple definition
In its simplest fo.... More »
5 things to know about the latest GDP numbers + MORE Sep 1st
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OTTAWA – New figures from Statistics Canada show the economy contracted for two consecutive quarters in the first six months of 2015, which meets the technical definition of a recessi.... More »
This 33-year-old analyst makes $100,000 a year including bonus. She paid off her student loans and wants to buy a home. Is now the right time? + MORE Jul 25th
Like many millennials, Anna’s main long-term goal is to save up for a down payment. Now, because of the pandemic, she’s looking to buy sooner than later because of the real estate market..... More »
Ontario vote could have big impact on students
– macleans.ca
Students eat breakfast at the Howard Ferguson Dining Hall at the University of Toronto (Photograph by Jessica Darmanin)The Ontario PC party under Tim Hudak says that, if it wins the election on June 12, it will ditch the 30% Off Ontario Tuition grant (yes, that’s what it’s called) that currently reduces the cost for students from low- and middle-income families by $1,780 annually for full-time undergraduate programs, and by $820 for college programs.
Kathleen Wynne’s Liberal party, which introduced the rebate two years ago at a cost of more than $300 million per year, would keep it, despite warnings that Ontario’s spending is out of control.
The New Democrats, led by Andrea Horwath, would keep the grant, freeze tuition ($7,259 on average for undergraduates without discounts) and make student loans interest-free, at an estimated added cost of $275 million annually by 2017-18.
A change in the price isn’t the only way a new government could affect students.
The PC platform, for example, also promises an expanded role for colleges…
4 Essential Mortgage Features To Ask For
– ratesupermarket.ca
Hunting for the best interest rate on your mortgage? Congratulations – by shopping around you’re already ahead of the home-buyer pack, and likely to score a great deal.
It’s proven that exploring your mortgage options equal better savings in the long run – and those who are unquestionably loyal to their financial institutions (called positive bank bias), end up paying more than those who look for a better rate. A Bank of Canada study found that those who don’t compare their mortgage rate pay a premium of between $759 and $1,617 on their home financing.
It’s a fact we know resonates with our own customers; in a recent poll we conducted on mortgage rate motivation, 50.8 per cent identified the lowest rate as the best mortgage feature available.
While shaving even a few basis points off your rate can save thousands over the long run (check out this eye-opening savings breakdown!), it shouldn’t be the only motivational factor for homebuyers. The best mortgage rate is one that fits your specific buying and homeownership needs…
Know Your Real Estate Rights
– ratesupermarket.ca
The Spring (nearly Summer!) home buying season just keeps getting hotter – lenders continued to make waves with discounted mortgage rate offers this week, with Scotiabank the latest FI to jump into the fray with a limited-time jaw dropper. Should you make a move? We’ve got the scoop on all the features, restrictions and savings – be sure to check out our coverage!
In other mortgage news, there’s an alarming trend of buyers ditching their offer conditions, just to keep up in the frothy market. It’s a risky tactic – read on to learn why!
Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2.97%
Scotia has knocked BMO off the pedestal of lowest-priced big-bank mortgage lender, introducing a limited-time 2.97 per cent five-year fixed mortgage rate. Available until June 7, this rate offers buyers 15% prepayment privileges, and is available to both conventional and high-ratio buyers. How much more would you really save with a rate this low? We crunch the numbers!
Read Penelope’s Blog | Scotiabank Cuts 5-Year Fixed Mortgage Rate to 2…
