When signing up for a shiny new plastic companion — aka a credit card — a lot of people wonder, “Will this affect my credit rating?” There are some important variables that play into the final verdict. In short, your credit card usage does play a large role in your overall credit rating. Here are […]
Like many people who dream about purchasing a second home — such as your dream cottage or a revenue property — cash flow could be holding you back. Maybe you don’t have enough in your savings for a down payment on top of your existing mortgage. Or perhaps you don’t want to feel cash-strapped while […]
As the cost of housing continues to rise in many parts of Canada, homebuyers are looking for more affordable options. Rather than taking in a renter or listing your home on Airbnb, there are a number of alternative housing options opening up new avenues to homeownership — from co-ops to tiny homes and houseboats. These […]
The 2019 federal budget brings a financial boost to homebuyers, workers and low-income seniors. Here are some important highlights. While the 2019 federal budget may have been overshadowed by other headline-grabbing politics, a healthy majority of Canadians approve of some of the budget’s key policies. This isn’t too surprising, given that there are some considerable […]
While it may be tempting to stretch out the term of your mortgage to keep your payments down, it will cost you more — much more — in the long run. Mortgage interest can add up to tens of thousands of dollars over the life of your mortgage, so the faster you can pay it off, […]
It’s the modern riddle for today’s urban dwellers — should you buy a condo or go with the traditional house? Condo or house. Of course, there are pros and cons for each option. These include the practical side of things (think maintenance and floor plans) versus the financial considerations. So, what would tempt a buyer […]
Most people are unaware of the potential roadblocks they could come up against when applying for a mortgage — until it’s too late. This list of mortgage do’s and don’ts are designed to save you from mortgage application headaches. Check your credit score in advance Your credit score is an essential ingredient in the […]
Plus 3 simple rules to get more out of your credit card. Learn how to read your credit card statement and stay in control of your finances.