Bank of Canada Update: Holding Its Benchmark Interest Rate
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Bank of Canada Update: Holding Its Benchmark Interest Rate

Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated … Continue reading »

Is Holding onto Your Old Property When You Buy New a Good Idea?
Buying A Home / Growing Your Money / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Savings / Selling Your Home / Taxes / Your Budget

Is Holding onto Your Old Property When You Buy New a Good Idea?

Is it worth holding onto your current residence as an investment property when you buy new? We’re taking a look at the benefits and drawbacks and questions you need to ask yourself before making the decision. Continue reading »

The Best Canadian Credit Cards of 2016
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The Best Canadian Credit Cards of 2016

It’s that time of year again! RateSupermarket.ca is out with the winners of the 2016’s Best of Finance awards! Here’s a look at Canada’s best credit cards, from travel rewards cards to best balance transfer cards, and everything in between! Continue reading »

RBC Second of the Big Banks to Hike Mortgage Rates
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RBC Second of the Big Banks to Hike Mortgage Rates

Just two weeks after TD Canada Trust hiked their prime rate, RBC has announced they’re bumping up their fixed mortgage rates anywhere from 25 to 40 basis points. Read on to find out how much more this may cost you and why fixed rates are rising in the first place. Continue reading »

First-Time Homebuyers to Get Bigger Tax Break in Ontario
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First-Time Homebuyers to Get Bigger Tax Break in Ontario

Breaking news: The Ontario government says first-time homebuyers will be eligible for a rebate of up to $4,000 in provincial land-transfer tax as of January 1st. Read on for more on the other changes, all announced in Monday’s fall economic statement. Continue reading »

Nominees for the 2016 Best of Finance Awards
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Nominees for the 2016 Best of Finance Awards

It’s time to recognize Canada’s top-performing personal finance products! From credit cards to bank accounts and investments, here are the nominees for the 2016 Best of Finance Awards! Continue reading »

TD Canada Trust Hikes Prime Mortgage Rate – What’s Next?
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Refinancing and Renewing / RSM News / Your Budget

TD Canada Trust Hikes Prime Mortgage Rate – What’s Next?

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? Continue reading »

8 Ways to Save Money Everyday
Banking 101 / Buying A Home / Growing Your Money / Lifestyle / Lifestyle News / Mortgages / Personal Finance / Personal Finance News / RSM News / Saving for Education / Saving For Retirement / Savings / Savings 101 / Savings News / Uncategorized / Using Your Credit Card / Your Budget

8 Ways to Save Money Everyday

If you need to cut costs for any reason but don’t know where to start, it’s not as hard as it may seem. Here are eight tips that can help you save money on a daily basis. Continue reading »

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook

As expected, the Bank of Canada is holding the overnight lending rate at 0.5 per cent – where it’s been since July 2015. Read on for the Bank’s revised forecast for the Canadian economy. Continue reading »