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What Material To Choose for a fence

A new fence can beautify your yard and add value to your home. Whether you’re building a fence to add charm to your backyard or create a place for your family to gather, know that different types of fences provide different levels of safety, privacy and style.

Here are some tips from Steve Trescher, director of merchandising building materials at the Home Depot Canada, on which materials to consider when starting your fence project.

Wood. Pressure-treated wood and cedar are very popular options when building a fence. They are affordable, durable and long lasting. Cedar also contains oils that act as natural deterrents against rotting and insect infestation.

Vinyl. If you’re looking for something a little lower maintenance, Vinyl fencing is

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home ownership

If you haven't bought a home yet, you're missing out on a wonderful feeling! That moment when you walk through your doors, throw your purse or keys on the floor, plop down on your couch and breathe a sigh of relief while thinking, "Finally, it's ours (or mine)!" And the joy of looking at all of your boxes, getting to roll your eyes about why you buy so much stuff, then giving yourself a moment to take a nap because you worked hard to get here and earned it! Yes that's a real feeling!

We often hear, and read, about the cost effectiveness of home ownership. The equity build-up, the freedom it can give us from finances in our retirement years, and a plethora of other ways owning a home can be a positive impact on your bottom dollar. But we don't often

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About 47% of all existing mortgages in Canada will need to be renewed in this year. This is up from the 25 - 35% range of a typical year. Why is this important?  rising interest rates and new rules make it tougher for some borrowers to shop around.

If your looking to renew your mortgage this year may have to pass a new stress test. On Jan. 1, new federal guidelines kicked in which require the borrowers’ qualifying rate to equal the greater of either the Bank of Canada’s five-year mortgage rate (5.34 per cent) or the borrower’s contractual rate plus two percentage points.

For example, if your contractual rate for a five-year fixed mortgage is 3.9 per cent, you’ll technically have to qualify for a 5.9 per cent mortgage rate in order to pass the stress

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Most of us know that breathing asbestos fibres can cause cancer and other diseases. But although many know it's often found in insulation, few realize it may also be in cement, plaster, floor and ceiling tiles, house siding and certain car parts.

Fortunately, there are no significant health risks if materials containing asbestos in your home are left undisturbed. This includes asbestos tightly bound in products that are in good condition or sealed and isolated behind walls or floorboards, or in the attic.

However, you can be exposed to hazardous asbestos fibres when your home or other building you spend time in, such as your workplace, is being renovated or demolished. Asbestos fibres can be released into the air when materials that may contain

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Home ownership is a goal for most of us, and millennials appear to be the most optimistic group. According to an RBC poll, two in five millennials said they intend to buy a home in the next two years. But the cost of home ownership and things like regulatory changes can make saving for a downpayment more difficult and, for many, put the dream of home ownership out of reach.

Sometimes, however, first-time buyers may not be looking at all their options. A little flexibility and compromise can help make ownership more accessible when considering the following:

Begin with a starter home. Few people spend 50 years in one home these days. Think about your lifestyle for the next five to 10 years and make a decision based on that. Your dream home in your

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How student lines of credit work

A line of credit is a type of loan that lets you borrow money repeatedly up to a pre-set limit. You can borrow money from a line of credit, pay it back and then borrow again, up to your credit limit. 

A student line of credit is a product for students that helps them pay for expenses related to post-secondary education, like tuition or books. It can also be used to help cover everyday expenses, like food and transportation.

With a line of credit, you only have to pay back the money you borrow. You also only have to pay interest on the money that you borrow. For example, suppose your line of credit has a $10,000 limit. You borrow $3,000. This means you only have to pay back what you borrow. 

With a loan, you

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How to get a free credit report

Order a copy of your credit report from both Equifax Canada and TransUnion Canada. Each credit bureau may have different information about how you have used credit in the past. Ordering your own credit report has no effect on your credit score.

Equifax Canada refers to your credit report as “credit file disclosure”.

TransUnion Canada refers to your credit report as “consumer disclosure”.

Order by mail or fax

  • Make your request in writing using the forms provided by Equifax and TransUnion
  • Provide copies of two pieces of acceptable identification, such as a driver's licence or passport
  • You must receive your credit report by mail

Order by telephone

  • Call the credit bureau and follow the
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Why borrow against home equity

Home equity is the difference between the value of your home and the unpaid balance of your current mortgage.

For example, if your home is worth $250,000 and you owe $150,000 dollars on your mortgage, you'd have $100,000 in home equity.

Your home equity goes up in two ways:

  • as you pay down your mortgage
  • if the value of your home increases

You may be able to borrow money that will be secured by your home equity.

Interest rates on loans secured with home equity can be much lower than other types of loans. You must be approved before you can borrow from your home equity.

Be aware that you could lose your home if you’re unable to repay a home equity loan.

Not all financial institutions offer

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