Log In
Register
Topic RSS
Facebook
Twitter
Email this6:35 pm
October 30, 2022
Offline
I have 10 year GICs paid monthly at 5.7%. 600k worth and I have an opportunity on a Real Estate deal but may just wait a couple more years to remortgage a couple properties. My wife isn’t working at the moment (started her own business) so credit isn’t great. Just a thought.
9:28 am
February 14, 2023
Offline
there is a secondary market for some GICs. YMMV
10:23 am
October 27, 2013
Offline
When I asked this question of RBC DI back in 2015 when settling an estate, they said there was a secondary market but: 1) it was the wild west and predatory, and 2) one does not know in advance what they will get for a price. I was strongly advised to not go this route as an Executor.
I suspect the value in the secondary market would, at best, be principal plus accrued interest, but only if the yield at the time was well above market. Anything remotely close to market yield would be sold at a significant discount.
