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What Brexit could mean for Canada Jun 27th
One of the few bright lights in the world economy just went out.
It took some time for the United Kingdom to get going again after the financial crisis. But through 2015, it was the only country in the Group of Seven’s rich industrialized nations to post economic growth in excess of two per cent f.... More »
American consumers would be hurt by lumber duties, say U.S. housing groups Dec 5th
MONTREAL – The imposition of import tariffs on Canadian softwood lumber will place a heavy burden on consumers and U.S. workers, a leading American voice for free trade with Canada says.
The U.S. National Association of Home Builders says duties or volume caps on imported lumber will raise the.... More »
Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet Nov 11th
CBC's Marketplace rounds up the consumer and health news you need from the week, including why those fake CRA calls won't go away, investigating credit card insurance and looking at apple juice labels..... More »
5 things to know about the Equifax hack Sep 12th
MONTREAL — Credit monitoring company Equifax says it was hit between mid-May and July by a high-tech heist of sensitive personal information from about 143 million Americans, including an unspecified number of Canadians.
Here are five things you need to know:
1) What is Equifax: The Atlanta-based.... More »
How to fund accessible home renovations in Canada Jul 7th
My house, as I told my insurance broker recently, is the Canadian housing equivalent of ancient. Built in the 1910s in Saskatoon, this house has many foibles. To hang pictures, I have to use wood screws lest regular nails bounce off of the layers and layers of paint. My basement is a little more tha.... More »
To California's Insurance Regulator, Green Is Job One
– online.wsj.com
Aiming for higher office, Dave Jones misuses his authority to ban insurers’ coal investments.How mortgage lending has changed over the years
– moneysense.ca
OTTAWA – The federal government has moved several times in recent years to restrict mortgage lending. Here’s a quick look at some of the changes Ottawa has made:
Feb. 15, 2016: The minimum down payment for new government-backed insured mortgages increases from five per cent to 10 per cent for the portion of the house price over $500,000.
Understanding how mortgage payments work »
July 9, 2012: The maximum amortization period for new government-backed insured mortgages drops to 25 years from 30 years. Ottawa lowers the maximum amount Canadians can borrow when refinancing to 80 per cent from 85 per cent and stops offering insurance on mortgages for homes worth more than $1 million.
April 18, 2011: Ottawa withdraws government insurance backing on lines of credit secured by homes, such as home equity lines of credit.
March 18, 2011: The maximum amortization period for government-backed insured mortgages is cut to 30 years from 35 years and the maximum amount Canadians can borrow in refinancing their mortgages is reduced to 85 per cent from 90 per cent of the value of their homes…
Feb. 15, 2016: The minimum down payment for new government-backed insured mortgages increases from five per cent to 10 per cent for the portion of the house price over $500,000.
Understanding how mortgage payments work »
July 9, 2012: The maximum amortization period for new government-backed insured mortgages drops to 25 years from 30 years. Ottawa lowers the maximum amount Canadians can borrow when refinancing to 80 per cent from 85 per cent and stops offering insurance on mortgages for homes worth more than $1 million.
April 18, 2011: Ottawa withdraws government insurance backing on lines of credit secured by homes, such as home equity lines of credit.
March 18, 2011: The maximum amortization period for government-backed insured mortgages is cut to 30 years from 35 years and the maximum amount Canadians can borrow in refinancing their mortgages is reduced to 85 per cent from 90 per cent of the value of their homes…
