MBNA cardholders are in for some changes this September, as the system moves over to TDs. While cardholders will keep their original card, there are some changes to be aware of. Read on for the full low down.
As Canadian housing prices continue their rising trend, it’s no surprise that homeowners want the most out of their investment. And, while house flipping shows make value-adding renos seem a breeze, such projects aren’t always necessary – and some can even hurt the value of your home. Here, our friends from The Housing Block share tips on whether you really need those renos.
Back to school season is upon us, and many post-secondary students are already on campus, and spending their hard-won student loans. In addition to Psych 101, the college years often offer a crash course in “grown up” money management – but is generation Y really getting the message? One study finds the majority aren’t sure when they’ll pay back their student debt, while another suggests Boomer parents simply foot the bill.
With all this good economic news coming out of the U.S., some believe central interest rates will rise sooner than expected there and in Canada. But top policy makers are saying that’s not the case. Should consumers be worried?
Students may be overly optimistic about paying off their debt – a new study finds most think they’ll pay down their loans within five years – yet that expectation is often far from reality.
Establishing a credit and banking history in Canada used to be very challenging for newcomers to the country. However, Canada’s big banks have recognized the opportunity presented by newcomers to create life-long customers – and a new slew of marketing campaigns now target immigrants looking to work, save and invest.
With the cost of living, real estate and education steadily rising, it’s arguable that today’s young adults face steep financial challenges. But does that mean they should depend on their retirement-aged parents for help? In light of reports that suggest today’s retirees are among the richest in history, Ted Rechstshaffen, a Toronto-area financial planner, suggests it makes sense for cash-strapped adults to continue to depend on their financially secure parents.
Real estate pundits love to point to the crash-prone boogeyman that is the condo market – but two recent reports suggest that high-rise living is just getting started in Canada.
Earlier this month, Statistics Canada misreported Canada’s July job numbers – an important indicator for economic growth. The mistake has since been rectified, but what should consumers know about the situation – and what does the revised data tell us?
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a recent street poll, many stated they’d been with their banks since childhood. Seems like it’s high time we explored our options for greater value!
Welcome to RateSupermarket.ca’s Ask the Experts series! In each post, we’ll look at real financial issues from readers, and get the expert take on how they should proceed. Want to take part? Email your finance question to Penelope@ratesupermarket.ca with the subject line Ask The Experts. Here, parents Nina and Keith wonder if they should add on to their existing home – or if a bulldozer is in their near future.