Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums
Economic News / Lifestyle News / Mortgage News / Mortgages / Mortgages 101 / RSM News

Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums

If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017… Continue reading »

Why Are Canadians Contributing Less to TFSAs?
Banking 101 / Growing Your Money / Lifestyle News / Personal Finance / RSM News / Savings / Savings 101 / Your Budget

Why Are Canadians Contributing Less to TFSAs?

Canadians put a lot less money into their TFSAs last year, according to a recent survey from BMO Financial Group, and most of them cite the same reason for their decision: they simply didn’t have any extra money to work with. Overall, the average person put in… Continue reading »