Buying a home

Thinking about buying a home? We’ve put together some of our most frequently asked questions about home ownership to help you decide if it’s the right time for you or your family. 

How does a mortgage work? Mortgages are generally considered to be 'good debt' because they can provide you with access to the housing market by allowing you to pay a...
What is the Tax-Free First Home Savings Account (FHSA)? The Canadian government created a new registered account to make saving for your first home easier. The First Home Savings Account (FHSA), which was announced...
What is the difference between term and mortgage insurance? Insurance is a key component of a solid financial plan. However, choosing between term insurance and mortgage insurance can be confusing. This video was created...
How does a credit score work? Your credit score is based on your history of meeting financial commitments. A poor credit score can have significant consequences down the road. It can...
What is the difference between fixed and variable mortgages? When purchasing a home, one of the decisions you will need to make is whether you will have a fixed or variable-rate mortgage. There are...
How can I help my children become homeowners? With rising housing markets, it can be very difficult to purchase a home without some financial help. In a lot of scenarios, parents are stepping...
What is the difference between an FHSA, RRSP and a TFSA? When considering the First Home Savings Account, there are many questions about how it compares to an RRSP or a TFSA. Since these are all...
What are the pros and cons of buying an income property? Buying an income property can be a great way to invest in real estate for the long term and generate a monthly income. Like any...
What is the 50/30/20 rule? When creating a budget, it can be helpful to follow a guideline. By using the 50 / 30 / 20 rule as your guideline, you...