A guide to five-year fixed mortgage rates + MORE Feb 28th

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When Courtney Croucher, 23, first stumbled upon “FinTok,” i.e. financial TikTok, she owed $40,000 in student loans and had no idea what her future held. It was May 2020 and she was living at her parents’ house in Cambridge, Ont., after graduating from media studies at Western Universit.... More »
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Stock market news for Canadian investors: Eli Lilly, BCE and more + MORE Feb 7th

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LIV Golf faces another setback in court fight with PGA Tour - The Globe and Mail Feb 22nd

LIV Golf faces another setback in court fight with PGA Tour  The Globe and MailLIV Golf dealt another legal blow as judge rules PGA Tour can add Saudi Arabia's PIF to countersuit  GolfDigest.comJudge escalates PGA Tour's counterclaim against LIV Golf with addition of defendants&n.... More »
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Making sense of the markets this week: October 6, 2024 + MORE Oct 4th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Nike and Carnival’s Shareholders Cruise to Profitable Destination According to this week’s earnings, we would rather.... More »
After consecutive years of record-low interest rates in Canada, many experts predict we are entering a period of rising rates—which would make the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of these rate hikes can make the stability of a five-year fixed mortgage rate seem like a good option compared to one with a variable rate—especially for first-time homebuyers or those about renew their existing mortgage. In fact, five-year fixed-rate mortgages are the most popular mortgage product in Canada. However, as with any financial product, they still have their drawbacks.

Here’s how five-year fixed mortgage rates work and how to know if they are the right fit for your finances. And before speaking to a lender or mortgage broker, learn more about how they compare to five-year variable mortgage rates.

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quoteI’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense…

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British Columbia Real Estate Association criticizes cooling-off period for housing – BC News  Castanet.netCooling-off period won’t alleviate housing market’s heated conditions: BCREA  BNNB.C. realtors criticize proposed cooling-off period for home buyers  Ladysmith ChronicleCould a housing cooling off period alleviate BC’s market?  Vancouver Is AwesomeBCREA criticizes cooling-off period for housing  Nanaimo News NOWView Full coverage on Google News

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A shocking 74% of divorced Canadians say their financial status is the same or better post-divorce. Here’s whyPeople feel better about money after divorce because they have more control, says financial advice writer Melissa Leong, and a breakup allows people to take stock of their financial futures.

Continue Reading On thestar.com »

This new Canadian makes $35,000 as a hospital cleaner. He wants an emergency fund in case rent goes up. How can he start?Luis has finally landed a full-time job after moving to Canada five years ago. Now he wants to build a sense of financial security.

Continue Reading On thestar.com »

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