Ask the Experts: Should We Tear Down Our Home?
Home Ownership / Mortgage News / Mortgages

Ask the Experts: Should We Tear Down Our Home?

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. Continue reading »

New Homes to Slow, Rates and Prices to Rise: CMHC Q3 Housing Market Outlook
Buying A Home / Mortgage News / Mortgages

New Homes to Slow, Rates and Prices to Rise: CMHC Q3 Housing Market Outlook

It seems everywhere you look, there’s evidence of Canada’s booming new home construction market – but that’s not expected to last, according the the Canada Mortgage and Housing Corporation (CMHC). The national housing agency anticipates developers will stop bringing as many homes to market and will shift focus to selling what’s already built in its quarterly Housing Market Outlook, released last week. Continue reading »

Confused By Canadian Finances?
Personal Finance / Personal Finance News

Confused By Canadian Finances?

A few reports came out this week, underscoring the knowledge gap between Canadian consumers and the state of their personal finances. An annual debt report released by BMO finds household debt levels continue to skyrocket, as consumers clamour for mortgages and cheap credit. Meanwhile, a study shows many TFSA investors still aren’t clear on their contribution rules. Continue reading »

Should Parents Pay For University Tuition?
Personal Finance News / Saving For Retirement / Savings

Should Parents Pay For University Tuition?

Paying for university these days isn’t cheap – and it’s not getting any more affordable. And, as the cost of tuition keeps rising, many parents are lending a hand to help pay for their child’s education. While some wouldn’t think twice about this financial arrangement, a new survey finds doing so can have long-lasting consequences for parents who should be focusing instead on their retirement funds. Continue reading »