Should you rent out your home to get more value out of it?

Rising rent prices. High inflation. Is the 30% income-to-housing rule still realistic for renters?

What recourse does a landlord have if a tenant uses their home for illegal activity?

As the Canadian housing market continues its paradoxical journey marked by falling home prices and rising rents, some Ontario landlords are finding themselves in trouble with tenants using their properties illegally.   

Ontario’s winter tire car insurance discount: what you need to know

Ontario’s winter tire car insurance discount: what you need to know

Winter tires can increase stability and traction in colder temperatures, gripping icy and snowy roads better than all-season tires. A nice bonus: installing winter tires can save you money on your auto insurance, too.

This article has been updated from a previous version.  

As snow falls, and the weather changes, thick slush and translucent black ice will coat driveways, sidewalks, and roads. Winter conditions are hazardous to drivers, often reducing visibility and increasing the likelihood of collisions. 

About the author

Hayley Vesh

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.

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March 9, 2023

Driving with pets and car insurance: what you should know

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What kind of auto insurance do you need if you drive for Uber or Lyft?

While Lyft and Uber provide commercial insurance that covers you while you’re providing the service, you’re still re... Read more

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How to switch car insurance providers

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How much of a down payment do you need to buy a home in Canada in 2022?

How much of a down payment do you need to buy a home in Canada in 2022?

Aside from the affordability barrier, saving for a down payment can be the single most challenging aspect of homebuying. Even though property prices are soaring across Canada, many are still holding out hope.

This article has been updated from a previous version.  

Despite a decline in property prices and a rise in interest rates, 34% of Canadians said they would purchase a property, according to a new Leger survey. 

About the author

Zandile Chiwanza

Zandile is a freelance personal finance journalist. She previously worked as a personal finance writer at LowestRates.ca and before that, the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.

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April 6, 2023

Six common mistakes first-time homebuyers make

Setting out to buy your first home is one of the more exciting parts of adulthood, often accompanied by great pride and ... Read more

March 8, 2023

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 ... Read more

February 23, 2023

Government of Canada programs to support homebuyers in 2023

In a high-interest market, prospective buyers can use all the help they can get. Luckily, the Government of Canada offer... Read more

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Your guide to being a credit card super churner in Canada

Want to score a free flight or hundreds of dollars in cash back every year? Then I’d like to introduce you to credit card churning.

5 things to know before renting out your home

5 things to know before renting out your home

Becoming a landlord is a big responsibility. But with today's interest rate environment, renting out part of your home can be well worth the time and maintenance.

A rental property can be a lucrative investment opportunity. With interest rates on the rise, your mortgage payments may be increasing. To help alleviate some of that added financial pressure, renting out part of or all of your home might make sense.

About the author

Melanie Chambers

Inspiring travel writers at Western University, Melanie also cycles the globe looking for her own adventures to write about. Cycling across Japan and completing a nine-day mountain bike stage race in South Africa are a few stories she's written for Canadian Cycling Magazine. Read her work at www.melaniechambers.ca, and check out her podcast at www.outtherepodcast.com.

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November 17, 2022

Protect your home this holiday season with home insurance

The holidays are a time of celebration and togetherness, but festive decorations and big-ticket items can pose a risk to... Read more

August 25, 2022

Backyard pools and home insurance: what you need to know

If you have a backyard pool or are thinking about installing one, here’s everything you need to know about how it can ... Read more

July 12, 2022

Does my roof affect my home insurance rate in Canada?

Putting a roof over your head is a basic necessity of life. But the type of roof you choose may impact your wallet for m... Read more

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Your mortgage is up for renewal, but you’ve just lost your job. What now?

Your mortgage is up for renewal, but you’ve just lost your job. What now?

As a homeowner, losing your source of income is doubly stressful. And if your mortgage is up for renewal, you may not know what to do next. Here are a few things to keep in mind if you have a mortgage to pay off while unemployed.

One of the hardest experiences to go through in life is losing your job. It comes with stress, uncertainty, and many difficult financial decisions. 

That stress can only be made worse by the prospect of losing your home. What happens if you need to renew your mortgage during this time?  

About the author

H.G. Watson

H.G. Watson is a writer based in Toronto. Her work has appeared in Chatelaine, Vice, Flare, Maisonneuve, The Walrus and more. You can find her at @hg_watson on Twitter.

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March 14, 2023

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 affordabl... Read more

March 7, 2023

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 ... Read more

January 26, 2023

How to get a better rate when you renew your mortgage

Before accepting your current mortgage lender's offer to renew your loan, shop around. You might be able to negotiate a ... Read more

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10 credit cards with mobile device insurance in Canada

Several credit card providers offer mobile device insurance as a standard benefit. Here are 10 of them.

Do convertibles cost more to insure than regular vehicles?

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