Renewing your mortgage at the peak

Canadian mortgage holders have an opportunity to reevaluate their options as interest rates begin to decrease. It's important to understand market dynamics and Bank of Canada policies, considering factors such as credit score, market rates, mortgage type, term, penalties, prepayment options, negotiation, and professional advice. Meanwhile, Ontario has introduced a financial literacy test for high school graduation, aiming to equip students with crucial financial skills, setting a precedent for the rest of Canada.