Low interest rates. COVID-19. Is now the best time to refinance your mortgage?

Interest rates are at an all-time low, and there’s a global pandemic. How to navigate mortgage refinancing in turbulent times.

We spoke to experts about how COVID-19 will impact Canadian homebuying

Given everything that’s going on, should you put your house-hunting efforts on hold? Or is it still possible to buy a home in this market?

 

How trip cancellation and interruption insurance work when it comes to COVID-19

Your credit card might have trip cancellation and interruption insurance. Here’s what you need to know.

Should you cancel your open house during the COVID-19 pandemic?

In the midst of the coronavirus global health pandemic, open houses could start going virtual.

Bank of Canada announces emergency 50 basis point rate cut

Bank of Canada Governor Stephen Poloz said the central bank "stands ready to do what is required. 

How to calculate the minimum payment on your credit card

How to calculate the minimum payment on your credit card

You know it’s important to at least make the minimum monthly payment. But how is it calculated and what happens if you make a late payment? Here's what you need to know.

A minimum payment is the amount you’re required to pay each month on your credit card bill in order to keep your account in good standing. 

We’ve written at length about why it’s important to at least make the minimum monthly payment on your credit card, as well as the dangers of making only the minimum payments toward your outstanding balance. 

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.

Read this next

December 6, 2022

The dangers of only making minimum credit card payments

When you make only the minimum payment on your credit card balance, it can add to your debt and negatively impact your c... Read more

May 27, 2022

How using a prepaid credit card helped me stop relying on overdraft

Overdraft protection can be a short-term solution to cover necessary expenses; however, some people use it to fund their... Read more

May 19, 2022

How to rebuild poor credit

Rebuilding your credit can be a daunting task. Taking a few preliminary steps can help you get an idea of where to start... Read more

browse categories

How to calculate the minimum payment on your credit card

You know it’s important to at least make the minimum monthly payment. But how is it calculated?

Toronto

LowestRates.ca is Toronto’s leading comparison site for insurance, mortgage rates, and credit cards. Find us: 1910 Yonge Street, Suite 401, Toronto, Ontario, Canada, M4S 3B2.

What our users say:

Great

How LowestRates.ca works.

  1. An illustration of a pencil

    Enter your information.

  2. An illustration of a stopwatch

    Compare 50+ quotes in less than 3 minutes.

At what age should you get life insurance?

At what age should you get life insurance?

Buying life insurance is cheaper when you’re young and healthy, but it also depends on where you’re at in life. A policy can provide your spouse, children, or both, with a financial safety net.

When thinking about buying life insurance, age is undoubtedly one of the things you must consider. Generally speaking, the younger you are, the healthier you should be. And as a result, life insurance is usually less expensive when you’re young than it will be later in life.

About the author

Jonathan Ratner

Jonathan is a freelance writer with nearly two decades of experience writing about investing, personal finance, business leaders, and public and private companies. His work has appeared in the Financial Post, Globe and Mail, MoneySense and elsewhere. He’s also an avid dog lover, NBA fan and sneaker aficionado. 

Read this next

September 10, 2019

Term versus permanent: what type of life insurance do I need?

There are pros and cons to term and permanent life insurance. The one you’ll need will depend on your circumstances an... Read more

browse categories

At what age should you get life insurance?

Buying life insurance is cheaper when you’re young and healthy, but it also depends on where you’re at in life.

Pages