Run up high balances If using too little credit sends up red flags to lenders, using too much credit sends up road flares and fireworks. Loading up on high-interest credit cards isn’t a good idea even if the reward programs are attractive. Lenders...

As mortgage professionals, we feel it is of the utmost importance to inform our customers as to the significance of their credit standing and how it affects their capacity to obtain a mortgage and, even worst, affects the cost of borrowing, especially...

New home construction rose by a seasonally adjusted annual rate of 157,300 units in October, up from 149,300 in the previous month, according to Canada Mortgage and Housing Corporation. Economists had expected housing startsto increase by between...

The stubbornly strong loonie is the major impediment to the Canadian economy rebounding more strongly from the recent deep recession, says Bank of Canada governor Mark Carney. In a new warning about the currency that is approaching parity with the...

Fixed mortgage rates may help you feel secure in your budgeting, but the Bank of Montreal says the more volatile variable rate mortgages will save you money in the long run. The bank put out a report Friday showing that, over the past 30 years,...