They say you should always pay yourself first – whether you’re putting money into an RRSP, RESP, or a rainy day fund. But let’s face it – with life’s never-ending expenses and ever-growing cost of living, saving can be a real struggle. This week on MoneyWise, we look at some of the toughest savings scenarios, from single-income retirement to getting a hold in today’s red hot housing market.
This week, we’re all about the worst-case scenario. It’s not that we’re trying to be pessimistic; it’s about being a savvy homeowner and preparing financially for the unexpected. Homeownership is full of twists and turns, from emergency (and expensive!) renovations, to selling on a whim. Read on for our guide to protecting your biggest investment… and your bank account.
Taking a road trip? Don’t hit the road without joining the #RoadtoSavings Twitter Party this Wednesday, June 11! MoneyWise Editor Penelope and Désirée Fawn of SoFawned.com will be on hand to answer your finance and family-themed road travel questions. PLUS, one lucky tweeter will WIN a $100 gift card!
It seems hardly a week goes by this spring without a new announcement from Canada Mortgage and Housing Corporation – another slew of changes were announced today, targeting multi-unit developers and low-ratio mortgage borrowers.
It’s been a busy week for mortgages this week, with another round of rate cuts. Check out the action, plus the week’s headlines!
What’s in store for June mortgage rates? RateSupermarket’s expert panel weighs in on the latest rate wars, and whether higher inflation will prompt a central rate rise.
Attention home buyers: A new round of restrictions has been proposed for the insurers of high-ratio mortgages. Called OSFI B21, they could impact your ability to buy. Here’s what you need to know.