Under the new rules, all borrowers will need to meet standards for 5-year fixed-rate mortgages regardless of whether they’re seeking a loan with a lower rate and shorter term.
Also, the government is lowering the maximum amount Canadians can withdraw when refinancing to 90 per cent of the value of their homes, from the current 95 [...]
Tighter lending standards for mortgages- just anounced
February 16th, 2010TOP 10 Return on Investment projects according to the Appraisal Institute of Canada.
March 19th, 2009
Painting and decor, interior – 73%
Kitchen renovations – 72%
Bathroom renovations – 68%
Painting, exterior – 65%
Flooring upgrades – 62%
Window/door replacement – 57%
Main floor family room addition – 51%
Fireplace addition – 50%
Basement renovation – 49%
Furnace/heating system replacement – 48%
Most common renovations being done
Main floor laundry room
Ground [...]
