Most lenders out there have increased their HELOC or Home Equity Line of Credit rates to Prime +1% or Prime +2%. The good news is we still have at least… Read it »
The sky is not falling, but neither have rates. You don’t need to be worried by rising mortgage rates, as it’s a regular phenomenon that happens practically every fall. Last… Read it »
Friday of last week (October 10th), the Government of Canada announced that it would be purchasing $25 billion worth of insured mortgage pools to help out Canadian banks during the… Read it »
The Canada Revenue Agency (CRA) released an announcement recently, warning Canadians that fraudulent letters have been sent out. The letters ask for personal information to update the recipient’s account with… Read it »
The Bank of Canada has stuck with the US’ Federal Reserve today, and joined the Fed in cutting rates by half of a percentage point. The interest rate cut came… Read it »
Will Dunning, the head economist for the Canadian Association of Accredited Mortgage Professionals (of which we’re a member and by which I’m Accredited) has issued a very interesting report which… Read it »