How to make your low mortgage rate work for you

Join Peter this week on CTV Morning Live Vancouver as he breaks down how to get the most out of your mortgage. One viewer has a $50K mortgage at 1.74% with one year left and plans to cash out $60K from RRSPs to pay off $40K in debt. Sounds smart? Think again. At that low mortgage rate, even a 5% increase only adds about $3,000 a year in interest, versus nearly $20,000 in taxes from withdrawing RRSP funds. Peter explains why that move doesn’t make sense and explores smarter options to manage debt, save on taxes and protect your long-term wealth. Tune in and learn how to make confident, informed financial decisions.