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The ETF Evolution
When exchange-traded funds were first introduced more than a decade ago, they were designed to simply track the major stock indexes. Fast-forward 10 years and the ETF landscape is decidedly different. These days investors are no longer confined to using broad-market index funds. Now you can employ a variety of short- and long-term strategies using a huge array of ETFs covering everything from...
Top 10 mistakes when buying a new build home
When Karen Somerville and her husband Alan Greenberg showed up for the pre-delivery inspection of their brand new luxury home in Ottawa they were horrified. Electricians, drywallers, plumbers and a variety of other tradespeople were still busy constructing their home and, despite assurances from the builder, the couple seriously doubted their $443,000 new build would be ready for possession in...
10 must-use online mortgage calculators
Most of us know what calculator to use for that basic mortgage calculation—the amount you pay each month in relation to the home price, your amortization period and term and the prevailing interest rate.
But what about those more complex calculations, such as the cost to break your mortgage or the ability to compare three mortgage options while determining your effective interest rate (that’s the...
Do I need mortgage life insurance?
I live in a town-house and I am about to purchase a detached house. I currently have enough life insurance to cover my townhouse mortgage, but this new home purchase will increase the amount I owe. My bank is recommending mortgage life insurance. Should I take out a policy?
Mortgage life insurance is designed to pay off the rest of your mortgage in the event that you or your spouse die with...
Romana King is a Toronto-based writer, editor and blogger for business and lifestyle publications and a licensed realtor with Century21. Romana currently writes a regular column and blog for MoneySense magazine that focuses on home owner and real estate issues. She has regularly contributed to Business Edge, CI Top Broker, Advisor.ca, Advisor's Edge, Check UP!, CBC.ca, Toronto Sun and the Toronto Star.