Kristy DeSmit

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A mortgage prepayment allows you to pay more than your regular mortgage payments, with these extra payments going directly toward reducing the principal of the loan. This can significantly decrease the total amount of interest you pay over the life of your mortgage. While paying down your mortgage can provide a sense of financial security by reducing your debt, investing the money might offer higher returns, depending on economic conditions.

Food prices have Canadians second-guessing everything they put in their shopping carts. "Surely, a single pack of chicken thighs can’t be $19!" It can. And according to Canada’s Food Price Report 2023, consumers can expect food prices to continue their upward trajectory. This hike particularly impacts staples like vegetables, dairy, and meat.