Bigger down payments are better: Aim for 20% of the value of the home, don’t forget that you can use any RRSP funds you have towards the purchase; usually up to $25,000. Bigger down payments result in lower monthly mortgage payment. …

Home prices will continue to soar in 2017, with the Toronto Real Estate Board predicting a 10-16% increase in prices, with the average cost of a home reaching just under $800,000. In many parts of the city, prices will increase by ove …

On March 1, 2017, the Bank of Canada announced its benchmark interest rate of 0.50% would remain unchanged for the foreseeable future. Bank of Canada Governor Stephen Poloz cited uncertainty in the Canadian and global economies and th …

There’s no place like home. It’s a place for family; a place to make lifetime memories- and a place to bring in the bucks. From the tax benefits, to good ol’ fashioned financial stability, the financial benefits of home ownershi …

What is a building permit? A building permit in Toronto is a document granting formal permission to begin construction, demolition, addition, or renovation on your property. In order to obtain a building permit, an application must be …

To wrap up our spotlight on Financial Literacy Month for November, we’re keeping our focus on prevention as we look at the necessity of emergency savings. An emergency savings fund is put in place so that no matter the unexpected si …

For this week of Financial Literacy Month, we focus on a key aspect of financial knowledge: Fraud. Fraud can take place on many platforms, including identity fraud, debit card fraud, credit card fraud, email and phone fraud, real esta …

Financial Literacy Month for 2016 has the Financial Consumer Agency of Canada looking to raise awareness about managing debt, saving, and understanding the rights and responsibilities that come with being a consumer in Canada. In week …

In Canada, November marks Financial Literacy Month. For 2016, the Financial Consumer Agency of Canada is looking to raise awareness about managing debt, saving, and understand the rights and responsibilities that come with being a con …

Congratulations! You’ve officially moved into your new home. The paperwork has been signed, the keys have been handed over…now what? At this point in your homeownership journey it might seem a little overwhelming, but we’re here …

Last week, Quebec’s education minister Sebastien Proulx introduced a plan to incorporate a mandatory economics course starting next September in Quebec high schools. This course aims to provide students with a working knowledge of f …

Effective October 17th, 2016: The qualification rate (or “stress test”) will now apply on ALL insured mortgages (including high and low LTV 5-year fixed terms) What this means for homebuyers/homeowners: The “stress tests” mean …