This video is a very useful one that goes over the basics of mortgages. This short video is a great way to learn about all the different types of mortgages and how they work in terms of payments.

Why I chose this video for this:

I chose this video first because it caught my attention with its simple animations and brief overview of different mortgages. It seemed like a very simple video to learn the very basics of mortgages.

This website gives an in-depth view of what our mortgage rates are looking like according to different plans and banks, as well as the best rates depending on the different banks you can go with. It also provides a calculator for seeing different interest rates according to different payments and prices of homes.

Why I chose this website:

As many are aware, the housing crisis in Canada is not news. Many Canadian's are struggling to afford rent, and even make their monthly mortgage payments. I thought it was really interesting to see the different options for payments according to banks and interest rates.

What surprised me most was that interest rates are majority of peoples payments when they go to pay their mortgage. It is almost like you are making barely any payments towards the actual house in of itself but instead paying your bank for having a mortgage!

Jenelle

What surprised me the most was all the different types of registered plans that are available. It looks a little complicated, and choosing what is best for you seems daunting but necessary.

I find this topic interesting to me because I have always seen my parents talking about the house mortgage and interest rates etc, and I never really took the time to really understand how big of payments these could really get, especially interest rates today with inflation.

Jenelle

This is interesting to me because my mom has just reached retirement age, and she has never invested in an RRSP or any other registered plan. I believe that she gets a Canada Pension (CPP) and a work pension, but it makes me think, what if she invested in an RRSP? How would it enhance her retirement now?

The most important thing for me personally would beyour legal rights when it comes to mortgages- do lot's of research and talk to well knowledgable people who are experts in the mortgage area to know if you are really getting the best mortgage according to your financial situation.

Jenelle

I think the most important information to pass on would be to do research in your early income-earning years. The sooner you can figure out what is best for you, the sooner you can start to contribute to your plan. You have the opportunity to really put yourself in a great financial position when you retire.

This video by Sun Life uses simple universal images to demonstrate what RRSPs are and how they will benefit your life when you reach the age of retirement. It explains yearly contribution limits and how they are calculated.

Why I chose this video:

I decided to choose this video because the creator manages to sum up what an RRSP is in a very short but visually informative way. The choice of graphics makes it so simple for anyone to grasp an understanding of what RRSPs are and may even entice viewers to open one. One thing that I didn't know was the tax bracket you fall into during your retirement years.

This video gives you valuable tips and tricks when deciding if an RRSP is right for you. He explains carry-forward room higher tax bracket during your income earning years and helps you determine if an RRSP works for you. He explains that it is best for higher income earners and the savings in taxes later in life.

Why I chose this video:

I chose this video because I think it gives a more in-depth understanding of how you can take the most advantage of your RRSP. The most interesting thing I learned in this video was the Spousal RRSP option. He explains that you can take advantage of income splitting: half in an RRSP and half in a Spousal RRSP.

This website has many subsections that you are able to choose from. Each one has a different purpose in it's information, whether you are looking to renew your mortgage, just starting to look for a mortgage, your rights when it comes to a mortgage, etc.

Why I chose this website:

Being in a law program, I wanted to find something that gave me some legal knowledge regarding mortgages, and I came across this website when I searched "legal rights and mortgages."

This website is for people who are interested in investing their money. You can create an account and start investing in a variety of portfolios. They offer lower fees and account minimums than other investment companies and have financial advisors readily available to assist you. The site also contains useful blog posts that help enhance your understanding of the options available when investing.

Why I chose this website:

I thought this website was a good choice because you can gain knowledge about investing, sign up with them and start investing immediately. This site breaks down the different account types that they offer, and it is so simple to understand. Depending on your goals, this site has it all and makes everything easy and accessible.

This is the official website of the Government of Canada. It contains any and all information you need when it comes to government interactions. You can get information on taxes, pensions, personal finance, paying for education, and so much more. You can learn how to set up an RRSP, make contributions or withdrawals, and learn about tax implications upon death.

Why I chose this website:

I chose this website because it gives you the most accurate and up-to-date information straight from the source. You can look into and plan for things that you may not have even thought to consider. The most interesting thing for me was learning about the different types of registered plans: Registered Pension Plan (RPP), Registered Retirement Income Fund (RRIF), and more. This is a site that I will need to look into more.

This video is still a "basic" video about mortages, but is gives more procedural information on Mortgages regarding lenders, payments, insurance etc.

Why I chose this video:

I chose this video because it gives more procedural information about mortgages to someone who knows very little about mortgages. Principal and interest making up the bulk of your mortgage payments was an interesting fact learned as well.