The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, the second cut in three months.
Hundreds of thousands of Canadians have been negotiating with lenders over the past few months, hoping to hold off paying debt amid the COVID-19 pandemic.
Financial planners share what they tell clients not to do.
CTV's Chief Financial Commentator Pattie Lovett-Reid looks at the state of the housing market during the pandemic and whether lenders should avoid risky mortgages.
Avoid these amateur mistakes before you sink all your money into the market.
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