It’s Financial Literacy Month Nov 10th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.

Latest News

Should you loan money to someone who is house rich and cash poor? May 19th

My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP. She is wondering how best to manage. Should she sell now and rent for a.... More »

The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow Jun 15th

Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising..... More »

Fixed mortgage rates are rising. What’s the deal? + MORE Apr 21st

As variable-rate mortgage holders eagerly anticipate the Bank of Canada's first rate cut, fixed rates are heading in the other direction: up..... More »

You bought a home—should life insurance be next? + MORE May 9th

Buying a home is one of the biggest financial milestones for young Canadians, and one of the riskiest. For many households, a mortgage becomes the single largest expense they’ll ever take on, often requiring two incomes to keep it manageable. That reality is driving more homeowners to buy life .... More »

Should retirees pay off their mortgages with investments? + MORE Nov 28th

Ask MoneySense I retired this year and my mortgage is coming due soon. My advisor said to keep the mortgage as rates are low possible and keep the money invested to keep making me money. I’m not sure this is wise, and my advisor works for the bank who holds my mortgage. What do you think? –Li.... More »

It’s Financial Literacy Month

– canadamortgagenews.ca

We’re celebrating Financial Literacy Month!

Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more.

Hot Topics:

Interest Rates, Savings, Debt and Budgeting trendsGood debt vs bad debt: How debt affects the economy, housing prices and financial stabilityBankruptcy vs Consumer Proposal.Bank of Canada interest rate policy now till 2023 – Risks??Why the second line of defence (macroprudential policies) is necessary despite the recent rise in savingsWhere does the problem lie? Disaggregating debt to asset ratio by age and incomeTrends in financial literacyDisruptions coming post-COVID & importance of financial literacy & skills

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