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interest rates

  1. Need input for personal financial scenario...

    General Personal Finance Talk
    My fixed mortgage at 2.69% is up April 2020 where lump sum payments dont affect current interest payments. I have 15k sitting in my chequings account and 8k in a cheesy lowest interest ever TFSA. I have seen GIC ads for 3% interest for a one year term and am curious if I would be better off...
  2. Line of Credit interest rates

    General Personal Finance Talk
    Hey everyone, Just curious about what everyone else's current interest rates are on their line of credits. I have an unsecured personal LOC at Scotiabank with an interest rate of 5.95% (prime +2.5) with a credit score above 790. I'm thinking this is a good rate but I'm not really sure so...
  3. TFSA conundrum

    Hi Folks, Newcomer to the Forum (and loving what I am seeing so far). I am 50, looking to retire in 5 years. Wife is 48 and looking to retire in 10 years. Combined income of 325k (25/75) I have been debating on whether or not to put the following into action: • Deplete TFSAs (combined...
  4. Toronto real estate, how does it compare globally

    Real Estate
    Bubble. What bubble? Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE. "The market is fairly balanced. It's not being driven by foreign capital. It's...
  5. Pay off mortgage or invest

    Real Estate
    Hi Everyone, This is my first post, please go easy :). Would like some unbiased advice please. My wife and I have about $73k outstanding on our mortgage. Our current rate is 2.34% and the mortgage comes up for renewal on Oct 1 2016. We had been aggressively paying down the mortgage when it...
  6. Interest rate cut to 0.75%

    Any thoughts? :hopelessness:
  7. Bond Index Funds and Rising Interest rates

    Good morning all, I am trying to find out some information regarding the effect of rising interest rates on the price of a bond fund. My investment knowledge is average to slightly above average, so I know that increasing interest rates lead to bonds being sold at a discount as the seller needs...
  8. Lowered Interest Rates

    General Personal Finance Talk
    Many of the banks with decent HISA (TFSA or unregistered) interest rates dropped their rates near the end of March or beginning of April. As far as I know, the BoC didn't change their rate, so I'm curious as to why the sudden change? Was this just a case of one of them lowering their rate so...