Today, the Canadian Mortgage and Housing Corporation released their financial information. There were legally required to do so. This is progress! Canadians should be proud that we now have this level of statistics from Canada’s largest insurer of home mortgages and home equity lines of credit. Here are some highlights: – HELOCS has dropped by […]
In January, Canadian Finance Minister Jim Flaherty announced changes in the nation’s mortgage rules, limiting the amortization period on “high-ratio” mortgages, and imposing new constraints on home equity lines of credit. Beginning on March 18, 2011, the maximum amortization on a home mortgage with less than 20% down will drop from thirty-five to thirty years. […]
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.