5 things you might not know about RRSPs
Posted on Jan 07, 2025
(NC) Most Canadians do not have a workplace pension. That’s why the federal government created the Registered Retirement Savings Plan. If you’re one of the roughly fifty per cent of Canadian wage earners who contribute to their RRSPs each year, there are a number of things you may not know about them. Here are five.They provide a tax-deduction
One o...
The differences between tenant and homeowner insurance
Posted on Jan 06, 2025 in Home Ownership
Choosing the right insurance coverage is crucial when protecting your home and personal belongings. Whether you own a home or rent a property, having adequate insurance ensures you are covered for unexpected events. However, the type of insurance you need differs based on whether you are a homeowner or a tenant.
If you’re renting a property, it’s es...
Importance of Credit Scores
Posted on Aug 26, 2022 in Credit Scores
Your credit report and credit score are ways of keeping track of and evaluating how you use credit.
First, some definitions:
Definitions
- A credit report is a report based on your credit history. It is one of the main tools lenders use to decide whether or not to give you credit.
- A credit score is a number that expresses your credit information at one p...
The First-Time Home Buyer Incentive – 2022 Edition
Posted on Aug 26, 2022 in Home Ownership
Over the last two years, a new trend has formed in many parts of the Canadian real estate market: investors accounting for a considerable portion of the broader housing sector.Indeed, with many investors purchasing single-family homes, acquiring townhomes and scooping up condominium suites, a chance at home ownership has become a challenge for many...
When does a resale home have a warranty?
Posted on Aug 26, 2022 in Home Warranty
NC) If you’ve got your eye on a resale house or condominium unit that was built recently, here’s a tip: Find out when the first owners took occupancy. Why? Because almost every newly built home in Ontario comes with a mandatory builder’s warranty that begins on the original closing date and stays with the home no matter how many times it changes ha...
What happens if your builder goes bankrupt?
Posted on Aug 26, 2022 in Home Builders
(NC) While choosing to buy a new home is an incredibly exciting time, it can also be a little stressful. If you are considering buying a new-build home, a good understanding of how your deposit protection works will go a long way to giving you greater peace of mind. Here are answers to some of the most common questions new home buyers have:
What doe...
