Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
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Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
Canada’s Household Debt Crisis: Why Interest Is Eating Our Future
The Wise Old Owl Podcast
7 minutes
4 weeks ago
Canada’s Household Debt Crisis: Why Interest Is Eating Our Future
Canada’s Debt Crisis Is Here — And It’s Worse Than You Think. Canadians are drowning in debt — and no one wants to admit it. Household debt in Canada just hit $2.9 trillion, with the debt-to-income ratio soaring to record highs. For every dollar we earn, we owe $1.80. And now, rising interest costs are eating up our paycheques — not groceries, not savings, just interest. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Wise Old Owl Podcast
Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
