Mortgage Market Madness?

What's new for the Canadian mortgage market?

Are we in for a second round of the Great Canadian Mortgage wars? The 5-year fixed cost of borrowing plunged this week to 2.99%, sparking a flurry of headlines and speculation. Will this cause the housing market to reheat to dangerous levels? Should buyers rush into the market? Will Jim Flaherty have to make a call? Read our special coverage to find out!

We’re also in the midst of RRSP season – are you caught up on this year’s contributions? A new study finds Canadians are turning away from RRSPs as a savings method – but are they risking their retirement funds in the process?

2.99% Mortgage Rates Are Back!

This Monday, the lowest five-year fixed mortgage rates dropped as low as 2.99% – a new record not seen since last August. Such discounted rates mean big savings for home buyers – read on to see what your monthly payments would be, compared to rates from the big banks.

Read Penelope’s Blog | 2.99% Mortgage Rates Are Back!

What Canadian Investors Should Know About The Fragile 5

Concern about growth in China and other emerging markets triggered a wave of selling in less developed economies last week. And the trend seems to be continuing. Already, the chain reaction has wiped roughly $1.8 trillion from global stocks.

What’s happening right now with these emerging markets – and how could they impact Canadian investors?

Read Gordon’s Blog | What Canadian Investors Should Know About The Fragile 5

Why Are Fewer Canadians Using RRSPs?

RRSPs are considered one of the most effective methods for saving for retirement – so why are fewer Canadians using them each year? An OFSI report finds that between 2001 and 2011, the number of Canadians contributing to RRSPs declined to 32 per cent. The growing popularity of TFSAs may account for some of the slowdown, but a more troubling trend suggests retirement savings are becoming less of a priority.

Read Sean’s Blog | Why Are Fewer Canadians Using RRSPs?

And in case you missed out on this week’s top finance headlines…

Should ETFs Be Part Of Your Investment Strategy?

Exchange traded funds (ETFs) are a way to invest in an entire stock index, rather than in individual stocks. They’re considered a good way to invest in the market and spread out risk, and have a much lower fee structure than mutual funds. But is an etf a good fit for a beginner investor? Here’s what you should know.

Read Rubina’s Blog | Should ETFs Be Part Of Your Investment Strategy?

INFOGRAPHIC: GTA January Resale Numbers From Zoocasa

Toronto and GTA January resale numbers paint a tough picture for buyers, as prices rise and supply drops. Check out this infographic from Zoocasa on the challenges facing the GTA housing market.

Read Zoocasa’s Blog | January Resale Numbers From Zoocasa

Should You Take A Life Insurance Policy Out On You Parents?

No one ever wants to think of losing their parents – much less plan around the concept. But taking a life insurance policy out on aging parents – with their consent, of course – can be an effective way to create tax-free retirement funds and help older parents leave a legacy.

Read Gordon’s Blog | Should You Take A Life Insurance Policy Out On Your Parents?

Minimum Wage In Ontario To Increase To $11

The Ontario Liberals have announced that the provincial minimum wage will increase to $11 an hour. It’s good news for workers – but will it be enough given the steep cost of living?

Read Sean’s Blog | Minimum Wage In Ontario To Increase To $11

Janet Yellen Takes Over As U.S. Fed Head

Janet Yellen has officially assumed the position of U.S. Federal Reserve Chair from Ben Bernanke. Here’s what Canadians should know about her economic policy.

Read Allan’s Blog | Janet Yellen To Take Over As U.S. Fed Head

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Mortgage News / Mortgages

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