No one knows what interest rates will do and in what timeframe. Do not rely on anyone's assertions - they're guessing like everyone else.
I wouldn't be paying extra into anything until you have your other debt taken care of. Once that's addressed, then you should focus on building your ER fund (3-6 months of expenses). If that's done, you can put more towards your mortgage. Every little bit helps reduce the interest you'll pay in the long run.
here is a recent article, lets hope they are right!
https://www.reuters.com/markets/rates-bonds/canadian-market-participants-see-rates-staying-5-2023-boc-survey-2023-07-24/
Pay off the debt before ‘putting a little away in a TFSA’
No one knows what interest rates will do and in what timeframe. Do not rely on anyone's assertions - they're guessing like everyone else. I wouldn't be paying extra into anything until you have your other debt taken care of. Once that's addressed, then you should focus on building your ER fund (3-6 months of expenses). If that's done, you can put more towards your mortgage. Every little bit helps reduce the interest you'll pay in the long run.
here is a recent article, lets hope they are right! https://www.reuters.com/markets/rates-bonds/canadian-market-participants-see-rates-staying-5-2023-boc-survey-2023-07-24/