According to a recent survey done by CIBC, almost half of Canadians believe that today’s low rates will remain unchanged over the next year (a notable increase from the same poll two years ago when only 24 per cent of Canadians believed interest rates would remain low). What do you think – are rates going… Continue reading Low Interest Rates: Here to Stay?
Tag: interest rates
Article: Pay Your Mortgage Like It’s 2007 – You’ll Save a Pile of Money
There’s a fantastic article in the Globe and Mail today by Robert McLister about how much money Canadians could save in the long run if we were paying our mortgages as if interest rates were what they were 5 years ago. Today’s rates could save $101,700 if projected out over 25 years on a $200,000… Continue reading Article: Pay Your Mortgage Like It’s 2007 – You’ll Save a Pile of Money