Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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The best 5-year fixed mortgage rates in Canada + MORE Aug 29th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
EQB sees impaired loans double in Q2, but expects improvement ahead + MORE Jun 5th
Alternative mortgage lender EQB saw a rise in gross impaired loans in the second quarter compared to a year ago, but highlighted recent improvements and expects losses to stabilize going forward..... More »
Fixed Mortgage Rates Are Rising. Are Variable Rates Next? + MORE Jan 22nd
Numerous banks and other mortgage lenders have been raising fixed mortgage rates in recent weeks, following the lead of rising bond yields that are now at a two-year high. And next week, all eyes will be on the Bank of Canada to see if it raises its overnight target rate earlier than expected, which.... More »
What to do about your debt and mortgages after the interest rate hike Jan 29th
Personal finance expert Laleh Samarbakhsh shares her advice on the best ways to take advantage of the increased rates..... More »
Latest in Mortgage News: OSFI leaves stress test rate unchanged + MORE Dec 13th
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged..... More »
Are we on track to generate $6,500 a month in retirement
– moneysense.ca
Randy and Sandra LukeUp until last year, Sandra and Randy Luke were focused on paying off their mortgage. With that goal behind them, they’re ready for their next challenge: to retire in 10 years. But can they save enough to build a portfolio capable of delivering a monthly net income of $6,500 in retirement?
The current situation
Randy Luke, 51, and his wife Sandra, 49, live in Winnipeg. Randy is in the printing business and Sandra is a healthcare instructor, but come 2027 they both hope to have a different job title: retired.
“We felt we had to have a goal and 10 years from now for full retirement is a good time,” says Randy. “Sandra has a defined benefit pension plan at work and that’s when she reaches her factor 80 date for a full pension.”
The couple’s finances are in good shape after paying off their $475,000 home a year earlier than planned. Currently, they have a combined $720,000 in their TFSAs, RRSPs, and other savings. The couple doesn’t have children, which means all of their savings can be put towards their retirement…
Why people are turning to their phones for mortgage advice
– theglobeandmail.com
The titans of the mortgage business won’t necessarily be those with Bay Street towers and hundreds of branches, they’ll be those who appear atop Google when people search for ‘mortgage calculators’ or ‘lowest mortgage rates’
