Quotes of the Day

All of the banks have a brokerage arm-RBC Direct Investing, Scotia iTRADE, BMO InvestorLine and so on. There are a number of non-bank-owned firms with good offerings as well: Questrade, Qtrade and Virtual Brokers, to name a few. The Globe and Mail does a comprehensive review of all the major online brokerage every year, and this is worth searching for online. Most online brokerages waive administrative fees if your account balance (or the sum of all your accounts) is higher than a certain amount (e.g. $25,000). Commission-free trading is an excellent feature. Questrade has long offered free purchases of all ETFs, though you still pay their standard commission when you sell. Qtrade and Scotia iTRADE have a limited menu of ETFs that trade commission-free. National Bank Direct offers commission-free trades on ETFs as long as you purchase at least 100 shares at a time. [2021] - Dan Bortolotti

There is no hard-and-fast rule about deposit size. It depends on where and the type of property you're buying. Your deposit is typically anywhere from a few hundred dollars to 5% of the purchase price. Your agent comes in handy here; they should know the market well. Ask them how much of a deposit to make. [2017] - Sean Cooper

Mortgage fraud is complicated. At its most basic level, it involves individuals signing false mortgage documents (like one that says you plan to live in a property even though you do not plan to make it your residence). [2013] - Don R. Campbell

It's true that retirees don't want to run out of money. But neither do they want to be idle in their retirement years and pass away with vast amounts of unused wealth. [2019] - Daryl Diamond

The Law of Attraction: You are a living magnet; you invariably attract into your life the people, ideas, and circumstances that harmonize with your dominant thoughts. [2004] - Brian Tracy