Opinion: A report quietly released by the Financial Consumer Agency of Canada warns mortgage specialists are incentivized to sell mortgages that yield higher commissions, with insufficient oversight
Opinion: When the U.S. housing market crashed many Americans simply abandoned their mortgages. Think that couldn’t happen here? Guess again.
Tighter lending rules will send borrowers into the arms of ‘alternative lenders,’ posing a whole new set of hazards
Canadians are among the world’s biggest users of credit cards. We make even Americans look prudent.
The government uses Kijiji postings for labour data. Statistics in Canada are a disgrace.
Danger lurking in the shadows?
Canadians look south at home loan heaven
The Finance Minister plays mortgage broker
Nine per cent of potential home buyers no longer qualify for a mortgage under the new rules
Here’s a guide to bullish and bearish arguments
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In October 2008, the Harper government reduced the maximum mortgage amortization from 40 years to 35 years. In January 2011, Jim Flaherty reduced it to 30 years. Today, the Finance Minister reduced it to 25 years.