Stay in your lane: Unusual driving laws in Canada

What are the penalties for breaking a variable mortgage versus a fixed one?

Three months worth of interest payments or an interest rate differential fee? You should do the math.

Co-owning a house or vehicle: what to consider

Many people aim to own a home or car. But it can be a challenging goal to achieve.

Want to switch lenders at renewal? Here's what you need to know

The mortgage conditions you require may have changed since you first started your term, or you may need a more affordable rate. Before you transition to a new lender, there are a few key things to keep in mind that can help guide your decision.

Michelle Bates

March 14, 2023

6-minute read

There are several reasons a homeowner might choose to explore other lending options before renewing their mortgage. The conditions you require may have changed since you first started your term, or you may need a more affordable rate than what your current lender can offer.

About the author

Michelle Bates is an editor/writer in the personal finance space. Her work has also been featured in Cottage Life magazine and on CottageLife.com. In her spare time, Michelle enjoys thrifting home decor, attending live shows, and playing with her Yorkie/Shih Tzu, Freddie, at the park.

browse categories

Driving with pets and car insurance: what you should know

If your pet loves being close to you, think twice before letting them join you in the driver’s seat. You could face a hefty fine and demerit points, which may lead to an auto insurance increase.

Hayley Vesh

March 9, 2023

6-minute read

This article has been updated from a previous version.

It’s not unusual to see a dog’s head or nose sticking out of the rear window of a passing car — embracing the rush of fresh air and taking in the different scents. Some dog owners may even describe the car as one of their pet’s favourite places to be.

About the author

Hayley Vesh is an editor/writer in the personal finance space. Her work has also appeared in Global News. She is passionate about financial literacy and the pursuit of knowledge through lifelong learning.

browse categories

Canadian First-time Homebuyers Guide 2023

Becoming a homeowner is one of the biggest decisions you’ll ever make, and we’re excited to help you through it. It might seem daunting but you’ll be a home ownership expert by the time you finish reading.

LowestRates.ca Staff

March 8, 2023

About the author

The LowestRates.ca writing team focuses on telling original stories and bringing you the latest news in the world of personal finance.

browse categories

3 ways to make your mortgage more affordable at renewal

For those approaching their mortgage renewals, the current interest rate environment is much different than it was five years ago. You’ll want to do all you can to make your mortgage payments more affordable when you renew.

Michelle Bates

March 7, 2023

5-minute read

About the author

browse categories

Is refinancing your mortgage worth the interest hit right now?

John Loeppky

March 2, 2023

5-minute read

Given the current state of interest rates, it’s fair to say it’s still difficult to gauge whether now is a good time to make any sudden mortgage moves. While higher interest rates continue to be a stressor for homeowners with variable-rate mortgages and those renewing fixed-rate mortgages, those contemplating refinancing are between a proverbial rock and a hard place.

About the author

John Loeppky is a disabled freelance writer and editor who currently lives on Treaty 6 territory in Saskatoon, Saskatchewan. His work has been published by the likes of CBC, FiveThirtyEight, Teen Vogue, Insider, and a host of others. His goal in life is to have an entertaining obituary to read.

browse categories

Are you being asked to pay for tenant insurance? Here’s what to do

What is a blended mortgage?

As a homeowner, you might decide to refinance your mortgage for various reasons, but this often comes with some stiff fees. The good news is, there is a way to avoid these fees. Enter the blended mortgage.

Caitlin McCormack

March 2, 2023

6-minute read

This article has been updated from a previous version.

As a homeowner, you might decide to refinance your mortgage for various reasons, but this often comes with some stiff fees.

About the author

Caitlin McCormack is a writer based in Toronto. Her work has appeared in MSN, Food Network, HuffPost, What to Expect, Today's Parent, and Mashable, among others. When she isn't writing, she's busy chasing after her two sons, testing out new recipes, and working on her century-old fixer-upper.

About the author

Read this next

browse categories

About the author

Read this next

browse categories

About the author

Read this next

browse categories

About the author

Read this next

browse categories

About the author

Read this next

browse categories

About the author

Read this next

browse categories

Pages