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Renting vs Buying
Trending 2.1k views this week

Managing Money 9h ago

Renting beats owning a home for many Canadians nearing retirement. Here’s why

A couple 2 years from retirement is under pressure to buy a home after years of renting — financial planners say the math often favours staying a renter

Gwynne Shotwell and Elon Musk

Managing Money 10h ago

SpaceX gave 2 million children a free share — Canada’s own savings program for kids is already doing something similar

Gwynne Shotwell just gave millions of American kids a single share each, and what it could be worth versus the grant Canadian families can already claim for their own children

Mature businessman, headache and laptop in office for stress, crisis or mistake at investment agency.

News 10h ago

84% of Canadians understand their credit score — so why does half still struggle to raise it?

A new survey finds most Canadians understand what affects their credit score, but nearly half say they're facing barriers to improving it — here's what's holding them back and how to move forward

HAPPENING NOW

Concerned elderly retiree sitting on a bench

Insurance 11h ago

Canada's life insurance gap: 8.4 million Canadians are underinsured as rising mortgages and debt outpace coverage

Record life insurance coverage masks a widening household gap — especially for Ontario families carrying Canada's largest mortgages. Here's what the numbers say about your policy.

Parents discuss cosigning mortgage

News 12h ago

Before you cosign a mortgage for your child understand the risks to your retirement

Having a parent co-sign boosts a young buyer’s purchasing power by 72%, moving them from a $458,000 home to a $787,000 home

Smiling middle aged businessman wearing glasses sitting at outdoor office table using laptop

Investing 12h ago

There are only 3 important numbers that Canadian investors need to keep in mind if they want to join the $1 million club

You don’t need a six-figure salary or a finance degree to hit $1 million — track these 3 numbers can get you there faster

A pretty young woman shows her older mature father how to use a bank card and computer at home.

Managing Money Jul 21

My father doesn't trust banks — all his money is in a chequing account or under his bed. Is this costing him a fortune?

A woman worries her father’s cash-only retirement strategy is slowly losing value to inflation. Here’s how she can help him find safer options

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Woman feeling overwhelmed and stressed while trying to manage finances, looking intently at her laptop screen and holding a credit card to make payments at home

Managing Money Jul 21

Households earning under $100K face the highest risk of having no emergency fund, RBC poll finds

The poll finds 52% of Canadians haven't saved enough for an emergency, and 42% say one unexpected expense could derail their finances entirely

Young man showing affection to elder relative

Managing Money Jul 21

My dad convinced grandma to change her will and cut me out of a $400,000 inheritance — do I have options?

A family dispute over a grandmother’s will raises a bigger question for Canadians: What are your options when you suspect someone pressured a loved one into changing their estate plans?

Family road trip

Managing Money Jul 21

What does a budget-friendly summer look like? More Canadians are finding out, according to CIBC poll

CIBC poll shows many are choosing local travel and experiences over impulse spending to balance fun with financial goals

Couple standing in front of bridge

Employment Jul 20

Forget doctors and lawyers: AI-skilled workers are now the most eligible singles — and Canadians could cash in, too

Bonuses worth hundreds of thousands of dollars are turning semiconductor workers into South Korea’s most eligible singles — and the same AI skills premium is showing up in Canadian paycheques

Emergency plumber call. Water leak from ceiling

Insurance Jul 20

Canadians may be underestimating this $2,500 home insurance deductible trap

A rising tide of burst pipes, sewer backups, and storm damage means many Canadian homeowners could face a $2,500 deductible before their insurer pays a cent

Tourist girl waiting in long lines to check in baggage at crowded airport counters

News Jul 20

Delta's CEO says cheaper fuel won't mean cheaper flights — here's why Canadians are already paying the price

Air Canada and Statistics Canada data show the same disconnect between fuel costs and airfare that Delta’s CEO just laid out for investors

Stress over missed credit card payment

Credit Cards 1.1k views

Will one missed credit card payment ruin your credit score? What Canadians need to know

How carrying a balance or missing a monthly payment actually impacts your credit history

Sign of Canada Border Services Agency on St. laurent Blvd in Ottawa

News Jul 19

Two individuals charged in $126K post-secondary fraud case — what international students need to know

After a year-long CBSA investigation, 2 Ontario men face criminal charges for allegedly defrauding international students of $126,000 using fake enrollment documents

Heffel’s HBC live auction in November

News 1.0k views

How the world’s biggest art fraud collided with the final bankruptcy fire sale of HBC

True Norval Morrisseau masterpieces are scattered to private collectors to settle a corporate collapse

Elderly couple standing watching the sunrise

Managing Money 22.0k views

OAS and CPP payments rise for Q3 2026 — but many retirees still face a savings gap

Higher benefit payments won't close the gap between government income and typical retirement spending, so here's what the real numbers mean for your plan

Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia

Banking Jul 18

Ray Dalio says savings equal freedom — here's the number many Canadians are missing

High income doesn't guarantee financial security. Here's how to calculate the savings threshold that protects you if your paycheque stops — and why CRA and CPP rules make it higher than you think

Woman holding Canadian bills with a baby behind her

Investing Jul 18

A baby’s $700 raffle win invested over 20 years is now paying his university tuition. Canadian parents can do the same

Two strangers gave a baby a winning raffle ticket at an Edmonton game in 2004. Twenty years and one investment later, it’s covering his college tuition. Here’s what Canadian parents can take from it