Archive for: April 2012

Bank of Canada takes aim at home equity lines of credit

Filed under: Mortgage - 24 Apr 2012

The Bank of Canada sounded the alarm on growing household debt on Wednesday, taking aim in particular at the growing tendency of Canadians to take out lines of credit using home equity.

While the Bank has repeatedly warned on …

Bank of Canada says may have to hike rates

Filed under: Mortgage - 17 Apr 2012

By Louise Egan and Randall Palmer

OTTAWA (Reuters) – The Bank of Canada left its key interest rate at 1 percent on Tuesday as expected but said it may need to start hiking rates due to firmer-than-expected growth and inflation …

Have you had your mortgage checkup?

Filed under: Mortgage - 16 Apr 2012

How to ensure your mortgage is working hard enough for you.

No mortgage may indeed be the best mortgage of all, but that’s not realistic for most homeowners. The cycle of life that often includes paying off student loans, raising a …

Budget: Highlights of the 2012 federal budget

Filed under: Mortgage - 02 Apr 2012

The budget will:

– Gradually raise the age of eligibility for Old Age Security from 65 to 67 beginning in 2023.

– Contain no new taxes or tax increases.

– Tell consumers to complain directly to food companies about product labelling.

– Eliminate the …