Last Updated on August 12, 2021 by Yetty Akindele Generally, for most of us, becoming a homeowner is one of the biggest financial investments we might have to make. As such, we are on the lookout for the best mortgage rates and any means to save maximally. Homewise a modern digital mortgage solution is a platform available to Canadians to make your dream of becoming a homeowner a seamless one. Maximum savings is not only achievable for new homeowners. You can avail yourself of cost savings opportunities if you already own a home. This can be through refinancing as a way to get you better mortg ..read more

Last Updated on May 31, 2021 by Yetty Akindele For Canadians who are interested in real estate crowdfunding, the question of if there is a Canadian version of Fundrise (a notable real estate crowdfunding platform in America) usually arises. The good news is that while there is no Fundrise Canada, we do have addyinvest.com, a relatively new prop-tech based out of Vancouver, Canadas’ hub of real estate. To put it simply, crowdfunding gives an opportunity for small-time investors to own parts of big projects. It is also known as equity crowdsourcing. How does addyinvest work? In the case of addy ..read more

Last Updated on May 31, 2021 by Yetty Akindele Undoubtedly, investing in real estate is not an easy feat achievable by the average individual. This is perhaps due to the huge amount of capital this type of investment requires and the lack of access to quality real estate deals. This difficulty is the reason why addy exists- to make investing in real estate accessible for Canadians for as little as $1! What is addy? addy is a relatively new Canadian prop-tech company headquartered in Vancouver, BC. It is co-founded by seasoned entrepreneurs Stephen Jagger and Michael Stephenson who recognized a ..read more

Last Updated on February 28, 2021 by Yetty Akindele When you decide to save for your future, you’re on the right track. The only problem is you have to make a big decision. The question of which account type to choose between a TFSA and RRSP is one that poses a dilemma for some people. Many Canadians in your position are stuck between choosing to open an RRSP or a TFSA. Some people also consider whether it makes more sense to just open one of each. Both account types will help you reach your long-term financial goals if you’re consistent. You can even use automated options like pre-authorized ..read more

Last Updated on February 13, 2021 by Yetty Akindele Wealthsimple has been gaining a reputation within the growing Robo-advisor and Self-directed investment world. Now that the platform is arguably one of the most popular online brokerages in Canada, it’s worth taking a look at what this platform has to offer. What Is Wealthsimple? Wealthsimple is one of the largest Robo-advisor and self-directed online investment management platforms in Canada. The Toronto-based company was founded in 2014 but has grown to become popular across the USA and Canada.  According to CEO Michael Katchen, the go ..read more

Last Updated on February 2, 2021 by Yetty Akindele What Is A TFSA? TFSA (Tax-Free Savings Account) is a registered savings account or as I like to think of it as a tax-free investment account. It is an account type that makes investment income not subject to taxation at withdrawal following certain rules. Overall, the TFSA is one of the best mediums to be used for a large number of investment goals in Canada. The tax-free savings account (TFSA) was introduced in 2009 by the Canadian government as a means to encouraging people to save money. There are numerous financial instruments for which yo ..read more

Last Updated on January 31, 2021 by Yetty Akindele There is a global craze going on in the crypto world in recent times especially considering that Bitcoin has at some point soared past $33,000. This has led to more interest with many trying to understand how to invest in crypto. Since Bitcoin’s first use for pizza purchase in 2010, cryptocurrencies have come a long way. After Bitcoin passed the $20,000 mark in 2019, even institutional investors could not ignore the new phenomenon. Now that cryptocurrencies have gathered relevance in the economy, they are slowly going mainstream. Investors of ..read more

Last Updated on January 31, 2021 by Yetty Akindele Retirement planning in Canada is a long-term process. To prepare for the ideal retirement, a long laundry list of tasks needs to be completed. Then, each aspect of retirement planning requires its own research. How much do I need to save for retirement? What is the ideal retirement portfolio? Can I retire early if I plan ahead? The answer to these questions and dozens more deserve a lot of time and effort. So, in this quick guide, we will go through the Canadian retirement process. We will go over the aspects of preparing for an ideal retireme ..read more

Last Updated on January 27, 2021 by Yetty Akindele In recent times, a couple of platforms have been established that allow for free ways to get your credit score, report, and some other perks in Canada. One common saying of mine is that “your credit score is a deal-breaker in Canada”. Almost everything you do is tied to this single financial metric. Take, for instance, you want to rent a house; the agency could pull your credit history prior to approval. You need financing on a new mobile device, your credit score is checked. You need a loan, having a good to excellent credit score gives you t ..read more

Last Updated on January 10, 2021 by Yetty Akindele IdentityIQ is a fully online popular ID theft and credit protection company in the US. The platform offers plans tailored for all sorts of cyber protection ranging from credit reporting, dark web monitoring to identity restoration and family protection. To help you better appreciate the need for ID protection services, in 2019, 14.4 million US consumers fell victim to identity theft. Crimes like these keep rising, probably due to the increased use of and inherent exposure associated with the digital age. In 2019, consumers lost more ..read more