A guide to the different types of mortgages available in the Canadian market.
Due to Canada’s high levels of household debt and housing prices, credit ratings agency Moody’s Investor Service recently downgraded the credit rating of Canada’s Big Six banks. Find out how this can affect consumers nationwide.
TD Canada Trust is the first bank to raise its prime rate for variable rate mortgages since new federal mortgage rules were introduced last month. So is this the beginning of a trend?
In this second edition of our monthly series, Amanda Reaume explains how you can build your credit score back up and change your spending habits after declaring bankruptcy. Read on for her tips.
We’ve heard about Uber, Car2Go and Airbnb and how each service is changing its respective industry. Now there’s something that banks need to watch out for: fintech. Short for financial technology, it could literally give banks a run for their money.
Breaking your mortgage, or even trying to pay it off early, can result in steep mortgage penalties. Calculating these costs can be very confusing for consumers – but banks are looking to address this information gap with a new code that calls for more transparency.
Despite a slowing economy, Canadian small business continues to boom. Read more about the driving factors behind this entrepreneurial spirit, and what you need to know when considering the leap to self employment.
August 7th, 2008 – Today, RateSupermarket.ca, (www.RateSupermarket.ca), announced the results of its latest survey which revealed that mortgage shoppers remain loyal to their own banks over other funding options such as Canadian mortgage brokers, trusts and credit unions. The website asked visitors where they obtained their last mortgage from and almost half of respondents said …