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Where does the down payment come from? + MORE Jun 9th
(Tetra Image / Getty Images)
It may surprise you to learn that the average down payment for Canadian homebuyers is just under $120,000, or one-third of the purchase price of the home.
A recent report released by the Canadian Association of Accredited Mortgage Professionals (CAAMP) has uncovered a pl.... More »
The Best No-Fee Rewards Credit Cards For 2019 + MORE May 17th
Credit card rewards come in many forms. From points to statement credits to cold-hard cash, a good rewards card maximizes on your everyday purchases and ultimately helps you save.
Reward credit cards generally offer different amounts of rebates for particular spending categories (gas, grocery, phar.... More »
How the Dow Jones industrial average and other major indexes fared on Tuesday + MORE Jun 23rd
Stocks made small gains Tuesday as investors waited for a deal between Greece and its creditors. Greece faces defaulting on its debt without new loans, but it appears that the country is making progress toward sealing a deal.
For the day:
The Dow Jones industrial average added 24.29 points, or 0.1 p.... More »
What happens to your debt when you die + MORE Mar 6th
Ask MoneySense
I carry a lot of credit card debt and haven’t made a dent in my mortgage. I’m in my 60s, and I’m starting to think about next steps for my family. After I die, will my family inherit my debt?—Terry
Thanks for your question, Terry. You’re definitely not alone in worrying .... More »
Best online brokers in Canada for 2020 Mar 13th
NOTE: These rankings are based on data collected before June 1, 2020 and do not reflect changes which may have taken place since then.
A penny saved, as they say, is a penny earned. That’s certainly the case for Canada’s self-directed investors, who are embracing the ultra-low fees offered by .... More »
Your Cyber Monday and Black Friday Guide in Canada 2013
– ratesupermarket.ca
Cyber Monday and Black Friday have long been American shopping traditions, and the unofficial kick off for the holiday spending season. Over the past few years, these massive savings have been making their way north of the border, with Canadian retailers offering their own Black Friday Cyber Monday sales (after all, we Canucks love to save too!). Starting November 29, 2013. and often lasting into the first week of December, be prepared to cash in on rock bottom discounts from your favourite retailers.
And this year, more than 50 per cent of Canadian shoppers plan to take part in the spending frenzy – a whopping 15 per cent more than in 2012. With so many vying for the best deals, it’s important to be on top of your shopping game.
Here’s everything Canadians need to know about Black Friday and Cyber Monday Canada this year. Ready, set, SHOP!
Deal Special: Get a FREE $100 Gift card!
Upon approval of one of our site’s most popular credit cards.
Score the Best Deals At RateSupermarket…
6 money-saving tips for a happy New Year
– canadianliving.com
Try these six money-saving tips over the holidays, to get a head start on your savings for the new year.
Black Friday / Cyber Monday Special Edition
– ratesupermarket.ca
Greetings, Money Wise readers – and welcome to your BlackFriday Roundup Special Edition! This week, we’re on the subject of all things Black Friday and Cyber Monday – two of the biggest shopping events in North America – so big, in fact, that they rival Boxing Day.
Black Friday falls on the first Friday following American Thanksgiving – and symbolizes the day retailers see their profits go from red to black (hence the name). However, Canadians are getting in on the savings action – 50% more plan to hit up the malls this year. Here’s what you need to know for some serious savings.
Black Friday Deals Canada: Are The Door Crashers Worth It?
Admit it – you NEED that new big screen 3D tv – and you’re dead set on scoring one for next to nothing at your local Black Friday blowout. Rock bottom prices are certainly a big draw for savvy deal hunters – but are you falling for some marketing mumbo jumbo?
Great deals abound on this great day of shopping – but not all sales are created equal…
Ignoring the Bull: Why GICs Are Still Worth Your Attention
– ratesupermarket.ca
In today’s low interest environment, pickings are slim for savers and risk averse investors. The historically low mortgage rates we’ve seen over the past year? Fantastic for home buyers – not so much for savings account or bond customers.
And, with the recent uptick enjoyed by market indexes (the Dow Jones and S&P 500 both hit all time highs this week), it can be a tough argument indeed for taking a conservative investing approach.
Stick To The Investing Basics
While your current stocks or mutual fund investments may be on fire, it’s still important to spread out risk exposure on your assets. After all, should there be another market crash – barring a nation-wide bank meltdown – those parts of your portfolio will be less affected.
When it comes to low risk investing, Guaranteed Investment Certificates lead the pack. They’re stable (you’ll always receive your principal amount back as a minimum), they’re flexible, and comparatively speaking, they boast higher interest returns than their savings counterparts…
