Rate hikes, food inflation, mortgage costs: How to get through the cost of living crisis + MORE Jul 18th

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.
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We’re 10 years apart. Can we retire together? + MORE Feb 26th

Ask MoneySense My wife and I plan to retire at the end of 2027. I am 63 and my wife is 53. All our investments are split 50/50 between RRSPs and LIRAs for a total of about $1,450,000. We anticipate needing about $110,000 a year after tax in retirement. We have a line of credit, and we are paying it .... More »
 secure line of credit

Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns Jul 23rd

Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat.... More »

OSFI says mortgage payment shock poses a key risk to Canada’s financial system May 24th

Canada's banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada's financial system..... More »

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses + MORE Mar 4th

CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren't expected to translate into "material" losses, the bank said..... More »
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Five-year prison terms handed to Fortress founders in mortgage fraud case Feb 22nd

The decision marks a significant enforcement outcome in a case that helped reshape scrutiny of Ontario’s syndicated mortgage market..... More »
Coming up as a leading player in small commercial lending, Glasslake is charting a new course as part of its strategic expansion.

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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 experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Variable-rate mortgage borrowers, who have already seen their interest costs rise by more than 70% over the past year, were hit with yet another hike last week as prime rate reached a 22-year high of 7.20%.

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Rate hikes, food inflation, mortgage costs: How to get through the cost of living crisisNo matter the state of your finances, avoiding your fears is not the way forward, experts say. Focus on what you can control.

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