BREAKING: Ontario Car Insurance Rates Increase
Car Insurance 101 / Economic News / Insurance / Lifestyle News / RSM News

BREAKING: Ontario Car Insurance Rates Increase

Car insurance rates fluctuate based on a number of different factors. However, before an insurance company can change rates, it must first be approved by the Financial Services Commission of Ontario (a regulatory agency of the Ministry of Finance). FSCO publishes approved rate changes quarterly, and the latest results are in… Continue reading »

Missing Out on the Market: New Report Finds Millennials Simply Aren’t Investing
Banking 101 / Buying A Home / Credit Card Debt / Credit Cards / Debt Repayment / Economic News / Growing Your Money / Lifestyle / Lifestyle News / Personal Finance / RSM News / Savings / Savings 101 / Savings News / Your Budget

Missing Out on the Market: New Report Finds Millennials Simply Aren’t Investing

According to a recent OSC report, saving up for a home and paying down debt seem to take priority by far over investing for millennials.
While 80 per cent have savings accounts, only half are investing, and 42 per cent have less than $25,000 in the markets due to… Continue reading »

Study Examines Cost of University in Canada: $19,500/year
Credit Cards / Debt Repayment / Economic News / Lifestyle / Lifestyle News / Personal Finance / Personal Finance News / RSM News / Saving for Education / Savings / Your Budget

Study Examines Cost of University in Canada: $19,500/year

A recent Macleans study found that students who move away for school spend almost $20,000 per year, with the most expensive university averaging $23,485, and the cheapest coming in at $4,284 per year due to… Continue reading »

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing / Your Budget

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines will reduce how much you can afford… Continue reading »