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Canadian Mortgage News Stories

Grab the Mortgage by the Horns

Globe and Mail - ROB CARRICK - May 27, 2008

If you bought a home in the past while, there's a no-brainer answer to the question of what to do with this year's tax refund.

Pay down your mortgage. It's the smart move at a time when house prices are sky high and buyers are increasingly relying on long-amortization mortgages that go way beyond the once-standard 25 years. More...

Honey, I'm planning to renovate the house

Globe and Mail - VIRGINIA GALT - May 22, 2008

Forty per cent of Canadian homeowners say they intend to spend $1,000 or more on renovations this year – although economic conditions could cause some to scale back their plans, Canada Mortgage and Housing Corp. said Thursday.

"It all depends on how consumers are feeling confident with the economy," Julie Taylor, senior economist with CMHC's market analysis centre, said in an interview. More...