Posts Tagged ‘Real Estate’

Last month, the Bank of Canada issued a report highlighting the explosive growth of home equity line of credit use and mortgage refinancing in the past decade, which have surged from $8 billion in 2001 to $64 billion in 2010. Canadians appear to be using these loans for two main reasons.  They are either paying…

Owning a home is one of the cornerstones of building financial assets for most Canadians.  However, making mortgage payments for 20 to 35 years can take quite a bite out of your budget, even with low interest rates. It’s surprisingly easy to reduce the amortization – and the amount of interest paid.  When you pay…