A lender is a financial institution such as a bank, credit union or mortgage company that provides financing including loans and mortgages. In Canada, there are five main lenders: Royal Bank, Scotiabank, Bank of Montreal, TD Canada Trust and CIBC. There are also many smaller independent lenders that also offer mortgage products and financing.
There’s no way around it – kids are expensive! If you’re planning to grow your family, it’s important to ensure your finances are up to the task of parenthood.
Titled Change in the Canadian Mortgage Market, the annual Spring report, which was compiled by Maritz Research Canada, shows decrease in buyer demand has led to major delays and cancellations in the new housing industry. Starts are down 15 per cent nationally compared to pre-rule change conditions, and are anticipated to drop 25 to 30 per cent by 2015. Among the hardest hit are the condo markets in urban centres, traditionally supported by a first time buyer segment that may be taking longer to afford home ownership.
As insurance can be a complex product, it’s important to have a full understanding of your policy terms before signing that dotted line. Here’s a list of questions to ask your broker when choosing your coverage.
Whatever your insurance requirements, coverage exists to protect you – the policyholder. Finding the perfect insurance fit depends on your personal financial responsibilities, dependents and goals. The first step is to determine how much coverage is required to cover your existing financial requirements or to provide income to dependents after your death.
But are you paying more than you need to for that peace of mind? It’s true that the best coverage can be a hit to the wallet over time. Fortunately, there is money to be saved by understanding your insurance options. Check out these methods for paying less on your coverage: