Lenders have started raising fixed mortgage rates again, with signs pointing to a short-term upward trend. Fixed mortgage rates have been creeping upward over the past week, fuelled by a modest rebound in bond yields following stronger-than-expected economic data. The increases were partly driven by rising U.S. Treasury yields, with the 5-year rising above 4% […]

Retiring with mortgage debt is no longer the exception—it’s quickly becoming the norm as rising housing costs and later-life borrowing reshape retirement in Canada. According to a 2024 Royal LePage survey, 30% of Canadians planning to retire in the next two years expect to carry mortgage debt into retirement, up from just 14% in 2016. That’s […]

Fixed mortgage rates creep higher as bond yields rise Lenders have started raising fixed mortgage rates again, with signs pointing to a short-term upward trend. Fixed mortgage rates have been creeping upward over the past week, fuelled by a modest rebound in bond yields following stronger-than-expected economic data. The increases were partly driven by rising […]

Update from Dr. Sherry Cooper: There is every indication that the housing markets in the GTA and the GVA are beginning to perk up following a disappointing Spring market. Sales generally increased in May and June, and new listings fell last month. The price data suggest a flattening in prices. Tariff uncertainty has swamped the […]

I have a story to share today. One that might shift your frequency. The first day the COVID lockdown was finally lifted, I rushed to a little café with a friend. Just the joy of being able to eat out again felt like a celebration. We had to wait 20 minutes to get in. The […]

You’ve worked hard. Raised children. Weathered storms. And now, it’s your time. Whether you’re 55 or 75, being divorced in this stage of life often comes with a unique blend of freedom, wisdom—and yes, financial questions. You might be thinking about travel, healthcare, supporting grandkids, or just making sure your retirement years are as stress-free […]

“With a reverse mortgage, you no longer own your home.” FALSE. You always maintain title, ownership, and control of your home, as long you continue to meet your mortgage obligations (i.e., paying property taxes and maintaining the home). The reverse mortgage lender simply has a first mortgage on the title, in the same way as […]

You may consider a reverse mortgage to turn your home equity into tax-free cash as part of your retirement solution. But, you might question, “With a reverse mortgage will I owe more than my home is worth?” The answer to this is NO. The CHIP Reverse Mortgage has safeguards built into products to ensure you […]

Some changes coming down the pipe!  I have been accepted into the SMCP accreditation program. What is SMCP? Smith Manoeuvre Certified Professional – a mortgage/investment/tax strategy to help you pay your mortgage down faster, invest for your future, and receive tax refunds while you are doing it. Sound intrigued???  Stay tuned… I am taking the […]