Category Archives: Mortgage Refinancing

Home equity loans leave Canadians vulnerable, BoC says

Posted on February 23, 2012 by admin

OTTAWA — The Bank of Canada is again underscoring its concerns about rising household debt and home prices. And it’s not necessarily mortgage debt the central bank is most concerned about — it’s the money Canadians borrow by using their … Continue reading →

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Flaherty details new mortgage rules

Posted on January 17, 2011 by admin

Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada’s mortgage rules. Finance Minister Jim Flaherty announced Monday that new federal rules will reduce the maximum amortization period to 30 years from 35 years … Continue reading →

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