Real Estate
We’re in our 70s. Should we pay off our 2.5% mortgage — or put the money in a high-yield savings account?
By Katherine Langford
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Good morning, my name’s Salmaan Farooqui, and I cover the housing and mortgage market for The Globe. Today, we’ll take a closer look at the Bank of Canada’s decision to hike rates yesterday. It’s the first rate change in nearly a year, and it won’t do any favours for Canada’s stagnant housing market. But first: