MPs Criticize Flaherty's Mortgage Move
Jim Flaherty's latest intervention in the mortgage market has drawn the ire of some of his fellow parliamentarians. Small Business Minister Maxime Bernier believes the finance minister overstepped

Manulife Withdraws Low Mortgage Rate At Ottawa's Urging
Manulife has rescinded a promotional offer it had been offering consumers of a record-low five-year mortgage rate after Finance Minister Jim Flaherty indicated his displeasure with the lender's decisi

Canada To Tighten Mortgage Rules: Source
.Canada to tighten mortgage rules: source . OTTAWA (Reuters) - Canada is set to tighten mortgage rules on Thursday as it seeks to cool a heated housing market, by cutting the maximum term of mortgag

Improve Penalty Disclousers On The Way
Two years ago to the day, the Finance Department promised to “bring greater clarity to the calculation of mortgage pre-payment penalties.” Later this year, that promise will become realized. T

Mortgage Rate Holder Calculater
Lenders frequently offer lower interest rates for faster closes (since quicker closings save hedging costs and have lower cancellation rates). When choosing a rate hold period for your mortgage (e

The Scramble For Insured Quick -close
Several smaller lenders are now running promotions on insured quick-close (IQC) mortgages, specifically those with 5-year fixed terms. “Quick closes” are mortgages that must close within 30-45 d

The State Of Statted Income
Canada has 2.67 million self-employed citizens, about 15% of the work force, says CAAMP. Due to how they report income and deduct expenses, these individuals are frequently reliant on stated incom

The Boc On Debit
Households could…experience a significant shock if house prices were to reverse.” That a primary conclusion from the Bank of Canada's Winter Review released last week. We list some of the repo