By Barbara Knoblach, Ph.D., CFP®
The mortgage game is a complicated one where the rules change often. Canadian mortgage borrowers can be placed into one of two camps – the ‘variable rate’ or ‘fixed rate’ camp.
Variable rate borrowers are those that are willing to ride changes in the interest rate and like the flexibility of these products. Fixed rate borrowers, on the other hand, like the certainty that their payments will not change over the term of their mortgage.
Both approaches are sound, but both can also force borrowers to deal with rising interest rates at some point. This is especially true in the current mortgage market. Continue reading
Canadians have a reputation for being polite. Maybe that’s why for years we’ve put up with investment fees that were confusing, often hidden, and higher than necessary.
By some estimates, over the next 30 years, $50 trillion will transfer from the baby boomer generation to the millennials. The biggest transfer of wealth ever, and that’s just North America. Joel, a baby boomer himself, sees the potential for, in his words, “an economy that serves both people and planet.”
We are just over the half-way point for 2018 – 50% of the year is in the rear-view mirror. How are your financial New Year’s resolutions holding up? Distant memory? If that’s the case, please read on because we can help.
