Is the Home Buyer’s Plan Right for You?
A couple of days ago we talked about the RRSP Home Buyer’s Plan and the questions that have arisen surrounding it. Namely, should the government get rid of it, in order to encourage savers and investors to leave their money where it is, and not go into debt? The question came up after the Canada…
Read moreOne Toronto Teacher’s Answer to Teaching Kids about Money
We’ve often talked on this blog about the importance of learning about finances at a young age, and how our children not only should be, but want to be, taught the basics of budgeting and managing their finances in school. And learning money management in school is important. While it can be highly argued that…
Read moreToronto Resales Dropped in January, but Prices Continue to Climb
It looks like those that were worried about the spring market in Toronto can now put their fears to rest. New resale stats have been released by the Toronto Real Estate Board, and while there was a slight drop in home purchases over the month of January, prices continued to climb, and that spring market…
Read moreNo More Pennies – So What Happens Now?
The last penny was minted in the spring of 2012 and originally, it was thought they’d be taken out of circulation completely starting in September of last year. That date was pushed back to February of 2013 and guess what? We’re here, and in fact, yesterday was the first day that the Canadian mint stopped…
Read moreShould the Government Get Rid of the Home Buyer’s Plan?
The Home Buyer’s Plan. We all know what it is. Individuals who contribute to their RRSPs can withdraw up to $25,000 from their RRSPs when it comes time to buy their first new home. That money won’t be taxed as income on the following tax return; but the funds do have to be repaid in…
Read moreHomeVerified Now Here to Help Canadian Home Buyers!
When you’re a Canadian home buyer looking for a mortgage in Toronto or another major city, and a home to go along with it, there are plenty of tools available to help you in your search. Home inspection reports, title searches, and current market value tools are all ready to help you make sure the…
Read moreWho’s Responsible for Disclosing Mortgage Fees and Charges?
CBC’s Marketplace is a good resource for consumers who want to make sure they’re getting a good deal, and that the bargain they heard about isn’t too good to be true. This applies to everything from vacuums to complete home gyms. Last week, Marketplace turned to the biggest purchase a consumer will typically make in…
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