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The best 5-year fixed mortgage rates in Canada + MORE May 28th
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This B.C. tech worker is $60,000 in debt and paying mortgage for a plot of land. How can she get out of debt?
– thestar.com
While Paula, 37, has been in the dumps over her finances, a small remedy is an expected $7,000 to $15,000 she’ll be receiving soon “settling a pay equity case.”Mortgage rates are heading up fast. Should you refinance and lock in before they go any higher?
– thestar.com
With rates heading up, now is the time to re-evaluate your mortgage, expert says.How the Bank of Canada’s interest rate works—and why it’s rising
– moneysense.ca
It’s the second time the Bank has raised its target interest rate this year, and the first time it has done so beyond a 0.25% increment since May 2000. After maintaining a benchmark rate of 0.25% in January—a record low first implemented in March 2020 in response to the COVID-19 pandemic—it increased the rate to half a percentage point in early March.
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Inflation, as measured by the consumer price index (CPI), has fuelled the need for a tightening of monetary policy in Canada…
