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...
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...
Everything You Need to Know About the Cost of Kitchen Cabinets
As kitchen styles, trends and technology change, you might find yourself with a kitchen that no longer suits your needs. One of the prime areas for updating is the kitchen cabinets, and there are lots of options to consider!
From simply repainting your cabinets to removing and replacing them entirely, there is an option for every budget.
How much do kitchen cabinets cost?
Not all kitchen cabinets are created equal, and there can be variations depending on materials and build quality. You shou...
How to Renovate Your Bathroom for $5,000 or Less
Home renovations can be expensive, but you can still give your bathroom a makeover on a relatively low budget. With a sum as small as $5,000, you can overhaul the space, but you'll need to make smart choices and be prepared to roll up your sleeves.
Given that the average cost of a bathroom renovation is about $10,000 and costs can reach as much as $30,000 or higher,1 it may seem aspirational to complete a bathroom remodel on a budget. But with a little planning and the right touches, you can ...
How Much Does it Cost to Replace a Shower?
A clean and new shower can make every morning in your bathroom feel like a getaway to a fancy spa. An old, rusty, leaky or moldy shower can feel like a hazard to your sanity and health. Fortunately, the cost to replace or remodel your shower isn't out of this world, and investing in a freshly renovated space can even boost your property value.
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
Are Home Energy Audits Worth the Cost?
When you buy a home, the most significant monthly expense you’ll pay is your mortgage payment, but it isn’t the only expense. You’ll also pay property taxes, insurance, and utilities. These extra bills can add up to a significant portion of your overall housing costs, especially if your home is older and isn’t very energy efficient – which can lead to high heating bills.
Costly utilities can be a result of over a dozen energy inefficiencies throughout your home, including poor insulation leve...
Basement Renovation Ideas for Homeowners on a Budget
One of the most often overlooked spaces in a home is the basement. For many homeowners, as long as it is clean and dry and not home to too many spiders, a home’s basement is merely a functional area to store laundry, heating equipment, and holiday decorations. But these homeowners are missing out because the basement space in their home represents untapped square footage and endless possibility with a basement renovation.
Your basement is probably the most underused space in your home, but th...
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...