Personal Finance
Towards a Healthier Financial Future
Topic: "First Home"
← Curating the web to find the most interesting and helpful
information about your money.
Infographic of the week
Which Cities Have Bubble Risk in Their Property Markets?
Despite higher mortgages and sharply correcting prices, some cities’ property markets are still in bubble-risk territory.
The UBS Global Real Estate Bubble Index →Word of the week
Amortization
The amortization period is the length of time it takes to pay off a mortgage in full. The amortization is an estimate based on the interest rate for your current term.
Learn more on how your amortization period affects your costs →Saving
Tempted to buy a home with siblings or friends? Here’s what you need to know
Podcast: Stress Test by columnist Rob Carrick on what you should know before buying a home with others →Saving
Recession-beating tips for the job market, housing, investing and the cost of living
Podcast: Stress Test by columnist Rob Carrick on on how to prepare for the changes in the job and housing markets, investing and the cost of living →Saving
Rising interest rates brought pain for new homeowners - and opportunity for house hunters
Podcast: Stress Test by columnist Rob Carrick and editor Roma Luciw →Serious stuff
The Bank of Canada has increased its benchmark interest rate to 5 per cent, the highest in 22 years.
What happens when interest rates rise in Canada. What does that mean for you →Saving
In 2022, the number of people moving to Alberta hit its highest level in almost a decade. At the same time, a record number of people left Toronto for other provinces.
Podcast: Why millennials and Gen Z are Alberta-bound for a more affordable life →Serious stuff
After years of soaring home prices, there was hope that rising interest rates would lead to lower prices in 2023 and give young Canadians an entry point into the market.
Podcast - Why more Canadians are giving up on home ownership →Saving
The First Home Savings Account launched April 1st!
Who should have one, who offers them and key rules →Infographic of the week
Mapped: How Global Housing Prices Have Changed Since 2010
Houses fulfill a rare mix of necessity, utility, sentimentality, and for many, also act as a primary investment to build wealth. And it’s that last angle, combined with increasing demand in many countries, that is driving housing prices skyward.
See how Canada measures up →Saving
A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits). You will be able to open an FHSA starting April 1, 2023.
First Home Savings Account (FHSA) →