Posts Tagged ‘Interest Rates’
What you need to know about the new mortgage rules
On October 3rd , the federal government announced new mortgage requirements, which are designed to dampen the housing price euphoria. Getting a mortgage approved at a great rate or maximizing the value of your real estate could both be impacted by these changes. At TriDelta, we are able to help you or your children with getting…
Read MoreRecord debt levels only bad if you’re using the money wrong
TriDelta President Ted Rechtshaffen appeared on BNN TV as a guest speaker to discuss the implications of Canadian household debt levels at new highs. Click here to watch the interview. Posted By: Ted Rechtshaffen, MBA, CFP President and CEO tedr@tridelta.ca (416) 733-3292 x 221
Read MoreHow the Bank of Canada’s rate cut may have added $100,000 to your pension in one day
When the Bank of Canada lowered the overnight interest rate by 0.25% this week, the obvious benefit is for those with variable rate mortgages. They will see an immediate benefit in lower interest payments on their mortgage. Another group who just received a big win may not even realize it: If you have a pension…
Read More3 ways to benefit now from historically low interest rates
There are those who think that interest rates are going lower. They may be right. But this column is for those other folks. The ones who feel that the only place for interest rates to go from here is up. While many of us follow the prime rate that is tied to a variable rate…
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