Why does Martin Lewis advise acting now to improve savings?
Martin Lewis advises acting now to maximize savings due to an expected drop in the UK base rate. He urges checking current interest rates, aiming for at least 5%, and shifting funds to higher-yielding accounts.
theglobeandmail.com
🌐 % Global Worthiness
Risks Rise in Canadian Mortgage Market
Rising mortgage delinquency rates and risks in Canada's alternative lending sector are cause for concern, as millions of mortgages face renewal at higher rates.
Risks Rise in Canadian Mortgage Market
Rising mortgage delinquency rates and risks in Canada's alternative lending sector are cause for concern, as millions of mortgages face renewal at higher rates.
What are the current trends in Canadian mortgage delinquency rates?
Mortgage delinquency rates in Canada are rising, particularly within the alternative lending sector, where rates surpassed pre-pandemic levels. This increase is driven by factors such as higher loan-to-value ratios and a greater proportion of mortgages where alternative lenders are not first in line for repayment.
theglobeandmail.com
🌐 % Global Worthiness
Toronto Home Sales Surge
Toronto home sales see a significant increase in October, driven by interest rate cuts and eased mortgage rules, indicating a potential market rebound across Canada.
Toronto Home Sales Surge
Toronto home sales see a significant increase in October, driven by interest rate cuts and eased mortgage rules, indicating a potential market rebound across Canada.
What factors contributed to the increased home sales activity in October?
Lower borrowing costs, with five-year fixed mortgages below 4 percent, and relatively stable home prices fueled the increased activity. Despite a slight decrease in new listings, the available inventory remains relatively high, suggesting potential for further price increases.
