There’s a lot more to buying a home than simply signing the Agreement of Purchase and Sale. Not only will you need to put enough money aside for your deposit and down payment, you’ll also want to budget for your closing costs. Many homebuyers make the mistake of not putting enough money aside for these

So, you’re heading on vacation? More than likely you’ve been told to buy travel medical insurance “just in case”. The fact is travel insurance is just as important for you to pack as any item in your luggage. No matter where you’re headed to, ensuring that you’re ready for the what ifs of adventure is

I recently had the chance of reading a story again, called the Mayonnaise Jar of Life, and it got me thinking on how this can be related to personal finance. Realistically, our spending can get our of hand at any age, especially when we are young. When we are young, we want to do everything,

Royal Bank of Canada (RBC) has recently announced that it has completed the acquisition of 50% stake of RBC Dexia Investor Services Limited (RBC Dexia) that RBC did not already own from Banque International a Luxembourge. With this transaction complete, RBC has now become the sole owner of the top 10 global custodian, which is

Time really just flies by – for example just a little while ago we heard the decision from the Bank of Canada to hold the overnight rate at 1%. The reason for that decision was due to the outlook of global economic growth deteriorated from what was initially anticipated. That said, the Bank of Canada

Finance Minister Jim Flaherty has announced that the government is now tightening up their mortgage rules. There are a total of 3 changes made to Canada’s mortgage rules: The maximum amortization has been reduced to 25 years from 30 years. They are also lowering the maximum amount you can borrow when refinancing a property from

We are finally in June, and that means a lot of things; school is soon to end, letting out all of the kids into the wild, which is summer. But that aside, the more important thing that happened so far in this month is that the Bank of Canada has announced that they will be