Paying off your mortgage is probably one of the greatest accomplishments you could ever have. Unfortunately, for many, this lofty dream can quickly spiral into a never-ending nightmare, with the massive amount of debt involved in financing a mortgage. You would have to make sacrifices, such as not traveling as much as you’d want, or …
One of the biggest dilemmas of personal finance management is the decision between Paying off your Mortgage or Investing the funds. As Mortgage payments are quite sizable, one may be tempted to put them to better use. This is a choice you have to consider very carefully. First, let’s examine what a Mortgage really means. …
As Ontario real estate gets more and more out of reach for the average Canadian, many home buyers are looking to save costs by getting the best mortgage rates available. If you’d like to settle down in Ontario and pursue your career or raise a family, sooner or later, you’d have to go house hunting …
It is not news that many new immigrants to Canada face an uphill task trying to adjust to the Canadian lifestyle. Relocating from one country to another is a huge change, most new immigrants find it hard to put down roots and contribute to their new society without some intervention. But how does this relate …
Buying a home is a momentous occasion for you and your loved ones. However, there are many hurdles to scale which makes the process increasingly difficult – especially where you have to secure a mortgage. And that’s the reason you have to seek mortgage pre-approval before you go house hunting. In fact, it is vital …
Most people intend to retire to their own homes after retirement from work; to aid this, the Canadian government has a program to facilitate and ease buying a home in Canada. The Home Buyer’s Plan (HBP) is a program that allows Canadians to withdraw funds from their Registered Retirement Savings Plans (RRSPs) towards HBP. This …
Understanding the T1036 Form: A Guide for Canadian Taxpayers Read More »
The down payment for a home can be many thousands, and most people find it difficult to put together even a few hundred dollars for everyday things. That is why the government launched the First-Time Home Buyer Incentive (FTHBI) program in 2019. Buying your first home can be daunting, especially if you find it difficult to …
A Beginner’s Guide to the First Time Home Buyer Incentive (FTHBI) Program in Canada Read More »
In this guide, you will learn how to qualify for the New Immigrant Mortgage Program and the financial institutions offering mortgage packages for new immigrants. The Canadian government has always encouraged immigrants seeking a better way of life to move to Canada. But in 2015, the country kickstarted the Express Entry system to increase the …
New to Canada? Here’s How the Immigrant Mortgage Program Works Read More »
Learning about finance does not have to involve sitting for hours listening to your boring professor go on about lectures about demand, supply, and hypothetical markets. While they do not exactly confer a degree on you after watching, you can sure come away from some movies with a hundred MBAs’ worth of knowledge. The Corporate …
When renting a property or a rental, there is a need for an agreement. This agreement is between the landlord and the tenant and is usually drafted to avoid disputes or legal action in the future. The Ontario Standard Lease is one of these agreements. Also known as the residential tenancy agreement, the Ontario Standard …
Understanding the Ontario Standard Lease Terms: What You Need to Know Read More »
Canada Buzz is a purely informational blog. Opinions expressed on this blog are NOT endorsed by the reviewed brands. The information provided on this website does not constitute financial or professional advice. However, our team strives to bring you quality, unbiased information. What’s in it for us? One of the ways we get rewarded is via ads and affiliates. This website contains ads and affiliate links and we may receive compensation when you click any of these links.
