New Mortgage Rules

The Government of Canada is proposing new mortgage rules that will come into effect on Oct 17th 2016. Here is the link to the office announcement: http://www.fin.gc.ca/n16/data/16-117_1-eng.asp At this point, we can only interpret the final outcome as we are still waiting for lender’s feedback and...

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Is A Home Equity Line of Credit right for you?

A Home Equity Line of Credit (or HELOC) has become a popular alternative to borrowing money. The interest rates are based on prime rate, generally substantially lower than the rates you experience with credit cards or unsecured lines of credit. With interest rates sitting at...

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