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.

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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.