We all want the best for our children. For years of their lives we nurture and provide for them – giving them both the emotional security to mature gracefully, and the physical security of a roof over their heads. It’s only natural to want to send your children off into the world with secure footing…
Millennials, otherwise known as Generation Y, is the demographic of young people born roughly between the late 1980s to the early 2000s. This generation has so far garnered the most attention since their notable predecessors: The Great Depression generation was defined by their frugalness and patriotism; The Baby Boomers by their optimism, and civil commitment to…
With our heads swimming in financial duties and responsibilities, sometimes it can be hard to prioritize. The deadline to make contributions to your registered retirement savings plan (RRSP) for Canadians is March 3rd. The Globe and Mail puts forth the question, “Should you be contributing to a RRSP before you pay off your mortgage?” The…
A study from the Bank of Canada concluded that those consumers who receive the best mortgage rate are those who are willing to bargain and negotiate, have more equity, are new clients, and who use a mortgage broker, among other variables. As follows, it is rare nowadays that anybody should pay the bank’s posted rate…
In the middle of winter it’s hard to find solace in the same four walls you’ve been hibernating in. The birds have long since flocked south, and soon, throngs of youth will be flocking to the resort beaches as well. While there’s no denying the luxury these resorts provide, why not have the best of…
It’s official: 2014 is in full swing. You’re likely in the thick of trying to tackle and stay true to all the New Year resolutions you have committed to. While we all want to better ourselves personally with self-improvement goals, the truth is that many of those resolutions revolve around finances. When you think about…
Canadian policy makers have used the United States’ housing market as a cautionary tale for our own benefit. To ensure Canadians don’t fall into the same dilemma, regulators have created new mortgage rules to limit housing risk since 2008. They have been great preventive measures to allow the Canadian housing market to remain stable. However,…
When your mortgage term is about to expire, it’s best to start considering renewing your mortgage. But you may be wondering when the best time to renew is – sooner or later? There are always two sides to every coin; there are benefits and consequences to every choice.
As we say goodbye to 2013 and welcome in 2014, we can learn from this past year’s real estate market trends to predict expectations in the new year. According to the Canadian Real Estate Association, Canadian home sales turned out slightly better than expected in 2013 and sales will continue to increase in 2014.
Economic stresses can happen to the most careful individuals. You may think you are prepared by planning, budgeting and saving, but unexpected issues can arise for various reasons. Identifying areas where you are the most vulnerable and making contingency plans is one aspect of the solution, but sometimes these efforts are inadequate. You need to know what…
