Writer and editor specializing in personal finance, investing, credit cards, insurance, real estate, smart home technology and home renovations.
The Complete Guide to FHSAs with Questrade (webinar)
Presented by: Zolo
Join the Zolo and Questrade teams in this free live webinar to learn all about the new Tax-free First Home Savings Account.
Discover how this brand new registered account can benefit you and your family, understand its pros and cons compared to other accounts, and learn how it can be used to purchase your dream first home.
About Zolo
Zolo is Canada’s largest, independent real estate marketplace. More than 10 million people use Zolo online or the Zolo app each month to get t...
Why Is Housing in Canada So Expensive? (Reel/Tiktok)
3 reasons: population growth, interest rates, and building supply 🏡
Why is housing in Canada so expensive? 🍁
It comes down to 3 factors:
📈 Canada’s population is growing at an unprecedented rate, adding over a million new Canadians in 2023
💰Interest rates are higher than they have been in ages, which makes borrowing money to build new
homes more expensive and less profitable
👷We aren’t building enough homes to keep up with demand
#realestate #realestatecanada #canada #homeowner #realestateinvesting #buyahome #millennial
Best Places to Live in Canada 2024
No matter where you live, Canada’s housing market is likely a hot topic, and most conversations revolve around price. Are prices going up? By how much? Is now a good time to buy? Where is the best place to buy? When purchasing a home, house prices are the primary determining factor for many Canadians. After all, the average home price in Canada was $699,117 in May 2024, which is no small sum even for high-earning families.
That said, there’s more to finding the right place to live than price....
2024 Canada Housing Market Report: Homebuyers Get Thrifty to Move up the Property Ladder
If there’s one word that could describe the Canadian real estate market in the past few years, it’s “rollercoaster.” First, 2020 and 2021 brought record-breaking home prices as the pandemic spurred Canadians to find a place to call their own. This demand, coupled with a low supply of homes for sale, led to an unprecedented run-up in home prices across the country.
This wild west of home buying ended in 2022 when rising interest rates led to a cooling of home prices across Canada. While higher...
Most Affordable Cities in Ontario to Buy a Home
For those looking to buy a home in Ontario, it may feel impossible to break into the real estate market at an affordable price. Ontario is Canada’s second-most expensive province after British Columbia with an average home price of $900,161. The Canadian Real Estate Association reported that April saw a surge in new inventory; however, average home prices have dropped, decreasing by 0.9% from April 2023.
That being said, expensive cities like Toronto, King, and Oakville tend to overshadow the...
8 operating expenses you can deduct on your business taxes
Operating expenses are an essential part of running your business. Nearly every business or service has them, and without them, there would be no business to run! Since operating expenses and running a business go hand-in-hand, Canadians are able to deduct a percentage of these expenses on their personal income tax returns.
What to Expect in the 2024 Real Estate Market
Planning the best time to buy or sell a home has never been easy, but with turbulent inflation and rising interest rates dominating headlines in 2023, you might be wondering what will the housing market look like in 2024? We gathered the data and chatted with the experts to bring you our housing market predictions for 2024 in Canada.
TL;DR: 5 Things to Do Now to Prepare for 2024
Whether you’re a buyer, seller, or owner, here’s what you need to know for 2024:
Buyers: 2024 may be the best time ...
What Investments Are Allowed in a TFSA and How to Invest Them?
When it comes to saving money in Canada, you have options.
Not only can you choose how you want to save, like opening a savings account, investing your money, or even YOLO-ing on cryptocurrency, but you can also choose where you want to save your hard-earned cash—like in a Tax-Free Savings Account (TFSA).
The good news is, income is earned tax-free in a TFSA, which may help you grow your savings faster. Whether you have long-term plans to grow your investment nest egg or buy a home, or short-term savings goals like funding your dream European vacation, this account works well.
Why is Housing So Expensive in Canada?
It’s no secret that housing is expensive in Canada, with one in six Canadians living in housing deemed unaffordable by Statistics Canada. But housing in Canada wasn’t always like this. While there were pockets of the country with high prices (like Toronto and Vancouver), home prices in Canada have risen by about a third since the pandemic started, causing many areas of the country to become unaffordable for Canadians looking to buy their first home.
But how did we get here? The answer isn’t s...
5 Tips to Level Up How You Budget
One of the best ways to improve your financial situation is to set a budget and stick to it. But that is easier said than done, and there are no one-size-fits-all solutions. Nevertheless, in 2022, 86% of Debt.com survey respondents tracked their income and expenses every month, and 88% said budgeting has helped them pay down or get out of debt.
If you've budgeted in the past but haven't seen results from tracking your income and expenses, or you're considering budgeting for the first time, le...
How Much Does Hardwood Flooring Cost?
Hardwood flooring is an excellent choice to bring warmth and long-lasting durability to any home. Higher quality than laminate or vinyl flooring, hardwood flooring improves the appearance of a home and adds resale value to your home.1 It also has many benefits over other types of wood-look flooring options: It's more durable and can be refinished instead of replaced.2 Hardwood flooring is warmer, more comfortable underfoot than tile, and can have a better return on investment than tile or car...
What to Expect When Moving to Alberta from Toronto or Vancouver
Canadians are migrating. Where once they moved steadily from smaller towns to large urban centres like Toronto or Vancouver, now the trend has reversed. For the first time, Canadians are moving to smaller cities and towns in the highest numbers seen since 2001.
While this is true on a provincial level, Canada-wide, people are also moving from some of the densest places, like Ontario and British Columbia, to other provinces, namely Alberta. In the last quarter of 2021, Alberta led the country ...
3 vs 5-Year Fixed: What Mortgage Term Is Right For You?
Buying a home is full of many exciting and pivotal decisions. For instance, you’ll need to decide which house is right for you, how much you can afford to spend, what city to live in, and where to get your mortgage. Once you have a signed offer and are under contract for your home, you must finalize your mortgage. You probably know that you should shop around for the best mortgage rate, but do you know what mortgage term is best for you?
For many years, a five-year fixed-rate mortgage term wa...
Should I Pay Off My Mortgage Early?
Being mortgage free is a significant financial milestone for many homeowners. While some people prefer to make their monthly mortgage payments and direct their extra money toward investments, others dream of paying off their mortgage early and living in their home mortgage free.
That said, deciding to pay off your mortgage early isn’t straightforward. You’ll need to consider factors like interest rates, risk tolerance, financial goals, and personal circumstances.
If you’ve been considering be...
Best Swimming Lakes & Beaches in Ontario
Summer has arrived in Ontario, and with it, higher temperatures. These days, it’s not uncommon to experience heat waves that can last weeks, meaning the only way to stay comfortable is to stay inside or head to the beach. Fortunately, we’ve surveyed Ontarians to find the best swimming lakes in Ontario. These spots will cool you off and provide some of the best views in Ontario!
To help you plan your summer bucket list, we’ve compiled a comprehensive list of the best swimming holes and lakes y...