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

All about Canadian investments. Learn the ins and outs and get the latest news.
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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.

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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.

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