Twenty-somethings living at home is an increasingly common reality in North America, but the arrangement can become emotionally and financially volatile when expectations aren't aligned. One father recently reached out to The Ramsey Show to share a scenario that has left his family in turmoil: he decided to charge his adult daughter a modest rent to teach responsibility, and she responded by accusing him of "stealing" from her (1).

A daughter's backlash over rent

The caller explained that his daughter, who is in her early 20s, has been a registered nurse for a few years and is currently...

When an urgent home repair can't wait, Canadians locked into low fixed-rate mortgages may find a personal loan is faster — and cheaper

Whether you live in Winnipeg and your furnace gives out, or you’re braving spring showers in Ontario with a leaky roof, there’s one thing all homeowners have in common: your home emergency doesn’t care that you’re locked into a mortgage.

For most Canadian homeowners, when a big-ticket repair pops up, the instinct is to tap our home equity — either a mortgage refinance or getting a home equity line of credit (HELOC). Both options solve the dilemma of how to...

Are you near the top or bottom of Canada's retirement wealth pyramid — and does it even matter?

If you're mapping out your retirement, you probably have a number in your head. As of 2026, most Canadians believe they’ll need an average of $1.7 million to retire comfortably — up from $1.54 million the year before — according to the latest annual retirement survey by BMO Financial Group (1). Yet more than 1 in 3 say they're unlikely to ever hit that target (2).

But here's the more unsettling truth: When you compare that goal to what Canadian senior households actually have, the gap between...

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of the conflict, and hence its economic impacts, are highly uncertain.

Prior to the war, the global economy was on pace to grow at around 3%, as expected in the January Monetary Policy Report (MPR). Economic growth in the United States has moderated but remains solid, driven by consumption...

As geopolitical tensions rise and digital payments underpin nearly every transaction Canadians make, a warning from one of the world’s most cashless countries may hit closer to home.

In early March 2026, Sweden’s central bank, the Riksbank, urged households to keep enough physical cash at home to cover at least one week of essential purchases, including food and medicine (1). The advice may sound surprising coming from Sweden — a country where roughly nine in 10 purchases are made digitally (2). But Canada is moving along a similar path toward a largely cashless economy.

The Riksbank said...

Getting your first mortgage loan is a big step in your life and understanding this process is crucial.

This piece will delve into the world of mortgages, breaking it down into easy-to-understand language. We'll walk through the whole mortgage procedure, guide you on where to find the most competitive rates, and equip you with the necessary terminology throughout this journey.

What is a mortgage?

A mortgage is a loan that can be used to purchase property, which in turn acts as security for the loan. A mortgage tends to be for a large sum and is usually paid off over 25 or 30 years.

What's...

• Average asking rent in Canada fell to $2,030 in February, down 2.8% year-over-year to a 33-month low.
• Rents have declined on an annual basis for the 17th consecutive month, as well as falling by 1.3% on a month-over-month basis, the largest decrease in February since 2020. However, rents rose month-over-month in the key markets of Vancouver, Ottawa, Calgary, Edmonton and Montreal.
• Rental affordability improved significantly, with the rent-to-income ratio falling to 29%, its lowest level in over six years and below the industry benchmark of 30%.
• Purpose-built rents remained the most...

Greater Toronto Area (GTA) resale housing market conditions tightened in February 2026 compared to February 2025. While sales were down year-over-year, new listings declined by a greater annual rate. The dip in new listings is in line with recent polling results from Ipsos which show listing intentions are down for 2026.

“Many would-be homebuyers are waiting for selling prices to level off before moving into the market. If new listings continue to trend lower through the spring, competition between homebuyers will increase, supporting home prices and a recovery in sales,” said TRREB...

Every province and territory has already done the heavy lifting of what’s legal, and what’s not, in rental agreements. Your job is to learn about it.

Tenancy laws vary by province, and educational resources are easily accessible online for renters to learn about their rights and the basics of a typical rental agreement. If you’re moving out-of-province for school or a new job, you’ll need to look up local laws.

In British Columbia, for example, the Residential Tenancy Branch (RTB) governs the tenant-landlord relationship, said Arash Ehteshami, a tenancy lawyer with Bright Law in...

All residential rental properties in the City must be licensed​​

Effective Jan. 1, owners of all rental properties containing 1 to 4 units must be licensed by the City. The licence application for both new applications and renewals is free. Current licence holders must renew by January 31, 2026.​

Properties That Require a Licence

The Ci​ty of Brampton’s Residential Rental Licensing (RRL) Program requires landlords to provide safe, well-maintained rental housing in compliance with City standards. All landlords operating rental properties with 1 to 4 dwelling units must have a RRL...