Investing
What is the Mortgage Stress Test?
Are you looking to buy a home in Canada but have no idea what is the mortgage stress test? Even though the Canadian government announced the mortgage stress test back in 2017, it still causes…
How to invest in index funds?
Do you want to know how to invest in index funds? It doesn’t matter if you’re a new investor or approaching retirement, index investing is a strategy that works for anyone. Even Warren Buffett recommends…
Open Vs Closed Mortgages: What’s The Difference?
If you’re looking to get a new mortgage or you need to renew your current one, you’ll want to quickly become familiar with open vs closed mortgages. The most significant difference between open and closed…
What is a Cash Back Mortgage?
The idea behind a cash back mortgage is simple: when you purchase a home and your mortgage closes, the lender advances you an extra lump sum of money in the form of a ‘cash back.’…
What is the Tax-Free First Home Savings Account? A detailed guide
What is the Tax-Free first home savings account (FHSA)? The FHSA is a new account that was introduced in the 2022 federal budget and is set to be available to Canadians in 2023. It basically…
What are Closing Costs in Canada?
You may think when you finally get the keys to your brand new home you’re finished with the upfront costs. But there’s one last set of bills to pay – namely, the closing costs. Here’s…
6 Things You Should Know About Deposit Insurance in Canada
This is a sponsored post written by the Canada Deposit Insurance Corporation. This has been reviewed and approved by Moneywehave.com One of the most common questions I get is what happens to your deposited money…
What do Condo Fees Cover?
If you’re thinking about buying a condominium, you’ve probably asked what do condo fees cover? Generally speaking, condo fees (or strata fees) cover building maintenance, amenities, and utilities. Some people think condo fees are a rip-off,…
Lotly Investing Review
Real estate has been a popular investment option for years. However, as the cost of homes skyrocket across Canada, many Canadians struggle to afford a single home to live in. This means that for the…
The Best High-Interest Savings Accounts in Canada
With Canada having some of its lowest interest rates in the last decade the thought of a high-interest savings accounts in Canada may seem absurd. To complicate things, there are so many different banks in…