A Snapshot of Mortgage Rates Available This Week on Fixed and Variable Terms and HELOCsGene J. Puskar/Associated Press Slowdown in the interest rate market It’s a grind there, but we’ve made some slight progress in rates this week. Lowest one- and three-year fixed uninsured mortgage rates improved 10 basis points. However, many will still find …
This week’s lowest fixed and variable mortgage rates in Canada Read More »
Interest rates remain high, inflation is not letting up and there is talk of a recession this year. Now that we’ve eliminated the negatives, let’s look at some positives for your finances and investments in 2023. Yes, there are. The end of interest rate hikes The central bank had eight opportunities to adjust its overnight …
Welcome to Mortgage Rundown, a brief overview of the mortgage finance landscape in Canada by mortgage strategist Robert McLister. Canada’s economy will get ugly in 2023. Runaway inflation always has an unhappy ending. That’s the bad news. The good news is that ugliness does not last. Our central bank will likely be forced to reverse …
My five confident predictions for the mortgage market in 2023 Read More »
Rising interest rates in 2022 have made a star of a type of exchange-traded fund that has lived in the shadows for most of the past decade. Cash-equivalent ETFs, also known as high-interest savings ETFs, ended the year with after-fee returns of around 4.6% and a very comfortable risk profile for investors baffled by stock …
This completely boring ETF is the investment product of the year Read More »
The biggest successes in personal finance – or rather, personal finance – this year have been like punches in the face. Why dwell on a year of beatings? The reason for this is that we are heading into a year of even greater uncertainty for household finances, including a possible recession. Understanding where we came …
