Sal Farooqui
@salfarooqui.bsky.social
Globe and Mail reporter covering personal finance, mortgages and rent. Snowboarder, climber, cyclist
A massive number of housing completions is part of why rent has been dropping this year in Toronto. But these newer homes also come with a risk of steep, uncapped rent increases: www.theglobeandmail.com/investing/pe...
New builds drive rent decreases, but also leave tenants vulnerable to steep hikes, experts say
An abnormally high level of housing completions has led to months of consecutive rental rates declines, realtors and economists say
www.theglobeandmail.com
June 17, 2025 at 3:21 PM
A massive number of housing completions is part of why rent has been dropping this year in Toronto. But these newer homes also come with a risk of steep, uncapped rent increases: www.theglobeandmail.com/investing/pe...
A weak economy would usually bring mortgage rates down. Inflation would bring them up. Canada is dealing with both right now, and inflation is winning out in the marketplace. www.theglobeandmail.com/investing/pe...
Mortgage rates are battling a weak economy and persistent inflation, and inflation may be winning
Analysts say inflation may prove the bigger concern, pushing mortgage rates higher and keeping headline interest rates at the same level for the short term
www.theglobeandmail.com
May 28, 2025 at 1:37 PM
A weak economy would usually bring mortgage rates down. Inflation would bring them up. Canada is dealing with both right now, and inflation is winning out in the marketplace. www.theglobeandmail.com/investing/pe...
Mortgage rates looked to be on a steady path downwards back in late 2024. The Trump tariffs are changing that. www.theglobeandmail.com/investing/pe...
Canadian mortgage rates could be in for a bumpy ride in the Trump era
Lenders tend to base their fixed mortgage rates on the U.S. and Canadian bond markets, which are moving in an upward trajectory in light of Trump’s agenda
www.theglobeandmail.com
February 3, 2025 at 5:25 PM
Mortgage rates looked to be on a steady path downwards back in late 2024. The Trump tariffs are changing that. www.theglobeandmail.com/investing/pe...
Natural disasters outside of Canada like the LA wildfires can impact your home insurance premiums too, thanks to their impact on the reinsurance market. www.theglobeandmail.com/investing/pe...
How the California wildfires could affect insurance rates in Canada
As deadly and destructive natural disasters become more common across the country, insurance experts say Canadian consumers could be hit with price increases
www.theglobeandmail.com
January 15, 2025 at 5:07 PM
Natural disasters outside of Canada like the LA wildfires can impact your home insurance premiums too, thanks to their impact on the reinsurance market. www.theglobeandmail.com/investing/pe...
Latest from me
December 18, 2024 at 1:15 AM
Latest from me
From me earlier this month: one-third of Canadians say they’re counting on an inheritance in order to retire. But based on this survey of middle-aged Canadians, some of them might end up disappointed: www.theglobeandmail.com/investing/pe...
One-third of young Canadians say an inheritance is crucial for their goals. They might be disappointed
Talking about money that’s going to be passed down can be awkward, but experts say it’s vital for families to set expectations around inheritances
www.theglobeandmail.com
December 16, 2024 at 10:53 PM
From me earlier this month: one-third of Canadians say they’re counting on an inheritance in order to retire. But based on this survey of middle-aged Canadians, some of them might end up disappointed: www.theglobeandmail.com/investing/pe...
Too often, people “set and forget” their mortgages. If you signed one in the last year, paying the penalty to break it could save you thousands of dollars. www.theglobeandmail.com/investing/pe...
Signed a mortgage when interest rates were at their highest? Breaking it could save you money
Mortgage brokers say homeowners ‘set and forget’ their loans too often, when they could benefit from new strategies.
www.theglobeandmail.com
November 23, 2024 at 1:19 AM
Too often, people “set and forget” their mortgages. If you signed one in the last year, paying the penalty to break it could save you thousands of dollars. www.theglobeandmail.com/investing/pe...
Last winter I set off to spend a week skiing deep in the Rockies backcountry, staying in rustic mountain huts along the way. Almost nothing went to plan, but it was still one of the most awe-inspiring ski trips of my life. www.theglobeandmail.com/life/travel/...
Backcountry ski touring in the Rocky Mountains is always better (and safer) with a guide
There’s no substitute to experiencing skiing and hut life, bunking up in what can be described as an off-grid hostel
www.theglobeandmail.com
November 17, 2024 at 2:17 PM
Last winter I set off to spend a week skiing deep in the Rockies backcountry, staying in rustic mountain huts along the way. Almost nothing went to plan, but it was still one of the most awe-inspiring ski trips of my life. www.theglobeandmail.com/life/travel/...
Reposted by Sal Farooqui
Your handles are all valid to me.
November 14, 2024 at 2:01 PM
Your handles are all valid to me.
The proportion of Canadians who feel they‘re financially worse off than their parents’ generation is the highest it has ever been in an Environics Institute survey that has been conducted since 1990 www.theglobeandmail.com/investing/pe...
Canadians are increasingly pessimistic about their financial success: survey
Experts say cost of housing, global political uncertainty and economic hardship are just a few factors that have left people feeling discouraged
www.theglobeandmail.com
November 14, 2024 at 3:04 PM
The proportion of Canadians who feel they‘re financially worse off than their parents’ generation is the highest it has ever been in an Environics Institute survey that has been conducted since 1990 www.theglobeandmail.com/investing/pe...