May 1 roundup - MoneySense

May 1 roundup

On how to win a bidding war, financial tips for new parents and why Ontario residents are paying more for hydro.


Bidding wars are an unfortunate reality in Canada’s housing market. The trick is to know when to bid and when to walk away.

•Expecting a baby? Read on to find out what every new parent needs to know about finances.

Hydro rates are on the rise for Ontario residents. The hike will costs typical households $6 a month. The Ontario Energy Board says prices are rising as more expensive types of energy replace coal power.