The spread between the Bank of Canada rate and the five-year mortgage rate is widening. Is this fair to ordinary Canadians, and do chartered banks have legitimate business rationales for hiking mortgage rates? BNN speaks to Erin Weir, economist, United Steelworkers.
For most Canadians, their home is their most valuable financial asset. And for retirees, staying in their homes while financing their retirement is a delicate balancing act. Reverse mortgages may seem like an attractive option for seniors, but some say there's more to them than meets the eye. BNN speaks to Wayne Taylor, president, Taylor Financial Group.