Farther and farther across the country we go...bonjour, Quebec! What a million dollars will buy you there, compared to Vancouver.
The federal minister of Finances, Mr. Jim Flaherty, made public comments and exerted pressures for Manulife Bank to withdraw its offer for a five-year-fixed mortgage rate of 2.89 per cent. NPD leader Thomas Mulcair accused Mr. Flaherty of using his position of power inappropriately. I couldn't have said it better myself.
Buying a home marks the true end of youthhood. You're ready to put down roots now, to establish yourself, to mark your territory. But have you seen what a modest house in a barely decent neighbourhood anywhere even remotely near a metropolitan area costs these days? There is no way you have anywhere near that much money, which means you have to borrow a lot, from the bank. I'm not here to excuse homebuyers who have trouble paying their mortgages, but I think I can at least explain their thinking. The point is that while buying a house is quite clearly a momentous financial exercise, it is very much an emotional one, too.
The clock is ticking on Canada's mortgage rules. Come Monday, insured 30-year amortizations will be a thing of the past, and the shift mea...
OTTAWA - Buying a first home or taking out a loan against an existing residence will be more difficult for Canadians under new rules announced Thursda...
Renting is always an option but the allure of owning your own home is hard to beat! And over the long run owning a home that is appreciating in value is a good investment. Where else can you enjoy the comfort of an investment and pay no capital gains when you cash out?
As the big banks get choosier about who they'll lend money to in this hot housing market, people with questionable credit are benefiting ...
Check yourself before you wreck yourself. That’s the not-so-subtle subtext of a message from a federal financial regulator to Canada’s banks. T...
Finance Minister Jim Flaherty said he shares the concern of Canada's top banking regulator that lenders are loosening their mortgage stan...
Canada’s financial regulator is growing worried that Canadian banks are following their American counterparts into the “subprime” mortgage marke...
Amicable divorces remain that way until a husband begins a serious relationship with a new lady. One of the easiest ways to have your divorce come "off the rails" is to flaunt a new paramour before your wife is emotionally ready, which in some cases is never.
