Mortgage Insurance 101 and Video
Mortgage Insurance 101 Whether you’re a first-time home buyer, or purchasing a vacation property, if you have a mortgage your lender will encourage you to purchase mortgage insurance. Like every…
A Step-by-Step Guide to Conducting a Life Insurance Audit
Many people tend to neglect the insurance part of their portfolio, but it is one of the most important tools you can have as a part of a financial plan. …
What Are Insurance Cash Values?
Cash value is a type of life insurance policy that lasts for the lifetime of the policyholder. This type of life insurance also has a cash value savings component that…
Understanding Children’s Critical Illness Insurance
Having a child with a critical illness can take both an emotional and financial toll. Having a critical illness policy for your child can give you the peace of mind…
$1B in mortgage payments deferred each month this spring: CMHC
Anita Balakrishnan, The Canadian Press September 10, 2020 OTTAWA - About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on…
What’s happening today?
Monday has started with an interesting stake in the economy. As I read through morning reports there are more and more big box stores closing: Bed Bath & Beyond is…
Building your budget
The number of Canadians who have not developed and apply a budget is alarming. One poll puts the number at 29%.[i] That equates to almost 11 million Canadians who don’t…
The effects of closing a credit card
Canadians owe over $599 billion in credit card debt[i], and credit card interest rates are on the rise – now over 19 percent.[ii] So if you’re on a mission to…
Debit Or Credit? What’s The Difference?
For many people, when purchasing items with a debit card or credit card, the only difference for them may boil down to simply entering a PIN code or scribbling a…
Nearly half of Canadians on the brink of Insolvency….
Forty-nine per cent of Canadians believe they are teetering on the brink of insolvency, according to the latest MNP Consumer Debt Index published Monday. We were already worried about the debt…