We’re celebrating Financial Literacy Month!
Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis
Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more.
Register Now: https://buff.ly/3lhmUl3
Interest Rates, Savings, Debt and Budgeting trends Good debt vs bad debt: How debt affects the economy, housing prices and financial stability Bankruptcy vs Consumer Proposal. Bank of Canada interest rate policy now till 2023 – Risks?? Why the second line of defence (macroprudential policies) is necessary despite the recent rise in savings Where does the problem lie? Disaggregating debt to asset ratio by age and income Trends in financial literacy Disruptions coming post-COVID & importance of financial literacy & skills
In case you missed it check out the video below of our October 28th, Roundtable Discussion on Housing and Mortgage Market Insights…
“Housing And Mortgage Market Insights – Roundtable Discussion”
Did you hear the news? Or did you miss it? Last week the Bank of Canada announced they would
stop buying Canada Mortgage Bonds. But it seems like nobody is talking about this.
Why should you be paying attention to this?
“What’s happening with Canada Mortgage Bonds?”
Rates are at all time lows and are expected to stay that way for a while! This means payments can’t go much lower. Let’s put interest rates and mortgage costs in perspective.
Here is what MORTGAGE PAYMENTS on a $400,000 mortgage look like with a 30 year amortization:
“Rates are at all time lows”
I recently participated in a conference call with Scotiabank’s Chief Economist & SVP, Jean-Francois Perrault and John Webster President & CEO Scotia Mortgage Corporation. It was good to hear real financial experts make sense of what has happened and what will most likely happen.
Here are of some of the highlights:
“Is the COVID-19 emergency over? An economists perspective.”