tmmg

Why a Rising US Stock Market Impacts Canadian Mortgage Rates?

Typically, when we see stock markets rallying up we also see bond yields go down, and many ask the question “why does this happen?”. What’s important to keep in mind as mortgage consumers or bond market investors is that bond (debt) markets and stock (equity) markets are all essentially competing for investment dollars at some

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Why Investment Property Mortgage Interest Rates Will Rise – Even if Mortgage Rates Stay Flat

With new mortgage rules in effect and regulators closely monitoring credit policy in Canada, there has been much conversation about the impact on real estate prices and whether the changes will slow the pace of residential real estate appreciation. Only time will tell how regional based foreign home buyer taxes, tougher mortgage rules, and growing

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5 Key differences between TFSAs and RRSPs (and how to use them to save money)

1. RRSP contributions are tax deductible. TFSA contributions are not tax deductible. With a TFSA, you can’t deduct your contribution on your tax return. This means that the money you put into a TFSA is funded with after tax dollars. Conversely – with an RRSP you can deduct your contribution on your tax return which

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Why Carrying a Large Home Equity Credit Line …. Makes No Sense!!!

It looks like the low interest rate environment is here to stay for the foreseeable future. The sad reality is Canada’s economy just isn’t recovering from the sudden drop in oil prices as economists had predicted… we have wide spread economic indicators showing a series of weak areas of the economy. Home Equity Lines of

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