Interest Rate Update As much as the media and market commentators call Wednesday’s June 7th interest rate hike of .25% to a Bank Rate of 4.75% a surprise, we have been calling for a 25-50b basis point increase in interest rates for the later part of this year. (See our articles Jan 24, Mar 7 […]
Continue ReadingSenior’s Budgeting: Reverse Mortgage Can Ease Financial Stress
House Rich & Cash Poor? A Reverse Mortgage Could Give You More Freedom As we age, our financial needs often become more pressing. In the past few years, we have watched the value of homes in many Ontario communities surge at unprecedented rates. Simultaneously, as the cost-of-living increases, seniors in Canada on Fixed Incomes are […]
Continue ReadingLife Insurance for Families
Guest Feature by: Peter Morgan Balancing the demands of a busy life – the family, the job, the house – is already a challenge. When you add shopping for life insurance to the list, it can be overwhelming. We can help. At Co-operators, we’re committed to delivering straightforward advice and solutions, making it easy for […]
Continue ReadingRelief for the Distressed Borrower
Distressed over Finances? We are here to help! Are expenses starting to rule your life? How are other Canadian families making ends meet as the world settles back into “normal”? The lingering impacts of the pandemic, a volatile housing market and rising inflation rates have left many struggling to catch up. From what we’ve […]
Continue ReadingCanada Brings in Changes to the Mortgage Stress Test June 1st
More change is coming for Canadians looking to get home financing. Proposed updates to the current mortgage stress test for applicants to get approval are kicking in June 1st. These changes are intended to defuse some of the unsustainable growth we’ve seen in the housing market over the past 18 months. Changes for […]
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