3 Easy Steps to Save Over $100,000 on Your Mortgage + MORE May 26th

Fund which manages the retirement savings of 18 million people in every province except Quebec had its best performance since 2004.

MONTREAL – Consumers are increasing turning to leasing when acquiring a new car, but the availability of ultra-long loan terms means the days of almost half of drivers travelling the leasing route are gone, according to industry observers.
After slipping to a low of seven per cent in 2009, now about one in five cars in Canada, or 20 per cent, are leased. Still, that is well below the 45 per cent peak in 2005.
“If I had to predict it right now, I could see it creeping up into the mid-20 per cent range – so roughly half of where it was,” says Dennis DesRosiers, president of DesRosiers Automotive Consultants Inc.
Overall, Canadians prefer car ownership with about 13 per cent paying cash and two-thirds obtaining loans, he said.
Whereas U.S. consumers have used leasing mainly to flip their cars every three or four years, more than half of Canadians have traditionally bought out their leases and then switched to loans, he said in an interview.
Banks and car companies responded a few years ago by introducing 84- and 96-month loans…

When it comes to products and services, bundling seems to be the latest craze.
Take, for example, that Rogers has been poking me every few days  to let me know that I can tack a magazine subscription onto my already mile-high phone bill or take advantage of some cable savings with my pre-existing Rogers account because, you know, cable isn’t dying a slow death at the hands of online streaming services.
But banking bundles seem to be the latest trend – a bid to foster loyalty in a time when the convenience of Internet banking is making many customers agnostic to where they put their mortgage or who holds their savings.
You’ve got to commend them on it. It’s a smart move from a marketing perspective.
Big Money Promises
After all, many bundles promise to hack fees by up to 50 per cent, an enticing party line especially when it comes to the added convenience of all-in-one style banking. But cutting their own fees by 50 per cent doesn’t necessarily translate into every financial service and product being the lowest option possible for you…

Your mortgage is probably the biggest financial commitment you’ll ever make – so why pay more than you need to? RateSupermarket.ca has crunched the numbers and come up with three easy steps to pay less monthly, save thousands in interest AND shave up to three years off your amortization.
Step 1: Compare Mortgage Rates
Potential Savings = $137,640.04
Comparing rates is likely one of the easiest and most effective ways to save thousands of dollars on your mortgage. In fact, the average Canadian could be saving over $130,000 over the course of their mortgage – just by shopping around!
RateSupermarket.ca calculated these potential savings based on the average posted bank rate (5.70%) versus the average lowest rate on RateSupermarket.ca (2.92%). Using the average Canadian mortgage amount of $378,000 (according to the CMHC), we found that Canadians would save $459 in monthly payments by switching to the lower rate – and this adds up! Over the course of a 25 year amortization period, that’s a total of $11,475…

Fund which manages the retirement savings of 18 million people in every province except Quebec had its best performance since 2004.