Think ‘smart’ when using your A/C and furnace MoneySense contributor, Bruce Sellery, offers some tips for saving money on your A/C bill—that will also help you save on your heating bill when fall and winter rolls around. Think smart thermostats.
Opt for a five-year fixed rate mortgage and you don’t have to qualify using the posted rate If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report. According to their analysis the six big banks would lose nearly $12 billion while[…]
It may be a way to attract foreign investors away from already hot markets like Vancouver and Toronto Britain’s decision to leave the European Union last week plunged governments worldwide into a pit of economic and political uncertainty. The ripples of the referendum will have an unmistakable impact on global economies and, by association, on global[…]
In Canada mortgage interest isn’t tax deductible, unless you swap it with an investment loan Q: Why is the mortgage interest on a home or condo not deductible when it’s our principal residence? — Brendan A., St. Albert, Alta. Answer from Frank Wiginton, CFP and financial wellness expert: It should be pointed out that U.S.[…]