The Bank of Canada May Take a Neutral Stance on Interest Rates
Economic News / Mortgage News / Mortgages

The Bank of Canada May Take a Neutral Stance on Interest Rates

The Bank of Canada has been tweaking the economy through their interest rate announcements and monetary policy – but they could soon be taking a hands-off approach. Governor Stephen Poloz recently made comments that a neutral stance is the only way to encourage natural economic growth. What does this mean for long-term borrowing costs? Continue reading »

Infographic: Wealthy Canadians Use Mortgages as Investment Tool
Growing Your Money / Mortgage News / Mortgages / Savings

Infographic: Wealthy Canadians Use Mortgages as Investment Tool

We’re often told paying off your mortgage as quickly as possible is the best investment you can make, but not all Canadians see it that way. Two thirds of high-net-worth Canadians – those with over $500,000 in investible assets – that have a mortgage have the cash available to pay for their home in full, according to a recent Investors Group survey. Continue reading »