Tag: saving money

A growing number of Canadians are negotiating lower than advertised rates.

CERA’s 101 board representatives voted in overwhelming favour on an agreement that aims to eliminate anti-competitive rules in the home selling arena.

Tax-Free Savings Accounts have been available to Canadians for two years, yet only one third of Canadians have opted to open one for themselves.

The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.

The study, ordered by the Financial Planning Standards Council (FPSC), found that of the 20 per cent, or less, Canadians who actually employ a financial planning strategy, virtually all state that doing so has affected an increased ability to save, and an improved sense of security and lifestyle comfort.

If you have no investments but want to start investing, you need a budget to determine how much you can safely afford to invest each month.

Paying the absolute minimum amount on your credit card debt will cost you thousands of dollars in accrued interest.

Though rules vary from lender to lender, making a hefty pre-payment towards your mortgage before you discharge can yield positive effects.

With a growing number of brokers entering the Canadian mortgage market, how do you find the one that will work best for you?

50 per cent of (or 2.1 million) Canadian households renovated their homes in 2009, and just over 40 per cent intend to this year.