The Office of the Superintendent of Financial Institutions (OSFI) introduced a mortgage stress test that took effect in January 2018. It requires homebuyers to prove they can afford payments of the greater of the Bank of … Read More

At a glance, finding the right bank account as a student seems dull and monotonous, but it’s still one of the most vital aspects of ensuring your success as a student outside of the classroom.

When you’re buying your first home, bigger might be better. Choosing a house over a condo could unlock a lot of potential. Choosing a house could help you maximize programs for first-time homebuyers, qualify for a … Read More

Other than flooding from burst pipes or appliances gone haywire, water damage isn’t included in standard home insurance policies. And we only have to look back to the southern Alberta flood in June 2013, the torrential … Read More

Guaranteed Investment Certificates (GICs) are fairly popular in Canada. As an investing method, they’re among the lowest risk methods available in Canada. GICs are insured in their principal amount, as well as in the interest that they accrue. This makes them a solid option for investors with lower risk-tolerance profiles that prefer conservative, safe investment options. But how does a GIC work exactly?

Travel can be expensive, but a good travel credit card can help offset the cost — or help you travel for free — by rewarding you points or miles for making everyday purchases. In addition to … Read More

If you own a house or a car, there’s a good chance you also own insurance. Saving and investment accounts issued by banks also come with insurance, except it doesn’t cost you any money. This insurance is known as CDIC coverage. It is issued by a federal Crown corporation called the Canada Deposit Insurance Corporation.

Every year, Ratehub.ca rounds up the best credit cards in the country to help Canadians wade through the financial weeds to find the card most suited to their spending habits and lifestyle. Like clothing, credit cards … Read More

Off the plane, chatting with your partner at the car rental counter before getting on the road, and the agent asks, “Do you want to add an additional driver to the rental car?” It’s not fun … Read More

Ratehub.ca helps thousands of people from all financial backgrounds find the best interest rates in Canada each and every day. The information we’ve gathered through our diverse customer base allows us to figure out what our customers across ten provinces and three territories preferred when it came to banking and investing accounts.