If your fixed-rate mortgage is up for renewal soon, we want to hear from you
Ahead of the Bank of Canada’s next interest rate announcement on Wednesday, some homeowners may be concerned about the impact rising interest rates will have on their mortgage payments. Those with fixed-rate mortgages, for example, may be forced to renew their agreement at a much higher interest rate.
For those with fixed-rate mortgages who are concerned about rising interest, CTVNews.ca wants to hear from you.
Will your mortgage be up for renewal soon? Are you worried about being able to afford higher monthly payments due to rising interest rates? Are you shopping around for lower rates or considering renting instead? What will you do if you can’t afford the increased mortgage payments?
Share your story by emailing us at email@example.com, and include your name and location. Your comments may be used in a CTVNews.ca story.
opinion | How much rent can you afford?
Many Canadians have continued to see an increase in their rental rates in 2023. In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford.
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
With the spring break travel season approaching, those looking to flee the cold, wet Canadian snow for sunnier skies will likely be met with a hefty price tag for their getaway, with inflation and increased demand pushing costs up.
When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption.
The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts are interpreting it and what it could mean for consumers.
The federal government's latest TFSA contribution limit increase took effect as of January 1, 2023. Personal finance contributor Christopher Liew outlines how the government’s most recent TFSA contribution limit increase affects you and how to make the most of it.
Finding an affordable place to live in the territories, where housing has long been a challenge, is getting even harder, the Canada Mortgage and Housing Corporation suggested in a report released in December. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply.
Canada is suffering from a severe skills shortage in several key sectors, experts say, thanks to factors that include deficiencies in our education system as well as changing demographics. CTVNews.ca looks at some of the skills that will be most in-demand in 2023.