Interest rates have been so low for so long that we barely raise an eyebrow about the warnings of higher rates ahead. But long-term interest rates might tick upward this…
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All Posts in Tag Bank of Canada
You can’t go wrong if you respond to this week’s mortgage rate increases by locking in for five or 10 years. But at least consider the alternative: Variable-rate mortgages sound…
Read MoreThe new governor of the Bank of Canada will have to overcome the economic drag from deteriorating trade, manufacturing, housing, consumption and government spending. Stephen Poloz is inheriting an economy…
Read MoreThe smart money’s long infatuation with the variable-rate mortgage has ended, perhaps a little hastily. A lot of homeowners have saved a ton of money with variable-rate mortgages, where your…
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