Money Matters Toronto

In this episode of “I Hate Paying Mortgage Interest” I cover the 2nd C of Credit, capital, otherwise known as down payment. Suprsingly, the largest down payment isn’t always the optimal down payment. In my video I explain why.

Recently, Terrance Belford of the Globe & Mail published an article entitled Condo resales are on a roll . The article had a very upbeat feel to it, spewing out positive sales data, interviewing the likes of Brad Lamb and the general under lying tone of the article is that the good times of real [...]

If you are tossing and turning every night trying to figure which way mortgage interest rates are moving join the club. My impression is that nobody knows exactly which way rates are moving and what the long term trend is. I certainly wouldn’t rely on the sound bytes that come out of the media on a [...]

A couple of days ago one of our readers responded to our post “How Are Fixed Mortgage Rates Determined?”. He asked me: what should he really be looking out for when it comes to protecting himself from mortgage rate fluctuatations?
I responded….there are so many factors to consider and even economists who dedicate their whole lives to predicting the direction of [...]

Canadian Bond yield versus the 5yr fixed mortgage rate from February 13th, 2009, through to June 12th, 2009. It was published by the Canadian lender Merix Financial.
The bond yield, or rate of return on your bond, is depicted by the blue curve on the graph above while Merix’s fixed 5 year is the green curve. As a consumer, if [...]