Investing
How to Prepare for a Recession: 9 Tips
If you’re researching how to prepare for a recession, don’t worry, you’re not alone. Many people have noticed that stock markets have dropped, real estate values have decreased, and interest rates have spiked, so they’re…
What is a Trigger Rate and How to Avoid it
What is a trigger rate? It’s a question that many homeowners thought they’d never have to ask. However, since the Bank of Canada has steadily raised interest rates, it’s a topic that has crossed the minds…
What is a Variable Rate Mortgage?
Do you know what is a variable rate mortgage? While it’s true that a variable rate mortgage is the opposite of a fixed rate mortgage, many people don’t realize that there are different types of…
What is a RRSP? Registered Retirement Savings Plan
Have you ever wondered what is a RRSP? It stands for Registered Retirement Savings Plan. This type of account is used by millions of Canadians and is easily the most popular vehicle for those that…
How Much Mortgage Can I Afford in Canada?
If you’re looking to buy a home, the odds are you’ve asked yourself how much mortgage can I afford in Canada? This is an important question to ask since the amount of mortgage you’re approved…
How to Transfer Your RRSP to Another Financial Institution
Have you ever wondered how to transfer your RRSP to another financial institution? It’s a legit question if you’re considering a change. Some people may prefer to have all their finances with a single bank, while…
What is a Vendor Take Back Mortgage?
With interest rates rising and the real estate market cooling, some buyers have found themselves in a tricky situation. They’re no longer able to get the mortgage they previously qualified for, which has left some…
EQ Bank Tax Free Savings Account Review
EQ Bank has been around for quite a few years now, and clients love how they’ve simplified banking. You get a high interest rate with no everyday banking fees. What’s not to like right? Well,…
EQ Bank Retirement Savings Plan Review
I’ve been a massive fan of EQ Bank ever since they came to the market with great interest rates, but admittedly, it was a bit disappointing that they didn’t have a Retirement Savings Plan (RSP)…
What is a Home Equity Line of Credit?
Anyone who owns a home might want to know what is a home equity line of credit (HELOC). If you are looking to borrow some money for home improvement projects, large purchases, or another expense,…