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Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

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A parents’ guide to home down payment gifts and loans

Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...

Mortgages

How much income do I need to qualify for a mortgage in Canada?

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Ratehub

MoneyFlex

RESPs 101: The RESP withdrawal rules

Have an RESP, now what? If you’re wondering how to withdraw that money to pay for school (or not),...

Credit Cards

What happens if you don’t use your credit card?

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Credit Canada

Columns

Making sense of the Bank of Canada interest rate decision on July 24, 2024

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Ratehub

News

What is the Bank of Canada’s interest rate?

Bank of Canada cuts its key interest rate by quarter percentage point to 4.5%.

MoneyFlex

6 things to consider before borrowing from the Bank of Mom and Dad for your first home

Borrowing from family can seem convenient, but there are things to think about first, like interest, taxes, family power...

Auto

Is it a good time to buy a new car?

Vehicle supply is building, and prices are going down. Here’s why the stars may be aligning for new car...