Rising Interest Rates and new home buyers....feeling the pressure of home buying

"Where ever you are in the home ownership cycle, it's important to remember that your mortgage is probably the largest debt you will ever have, and it's important to take the time to be sure you get the mortgage that's right for you."

To read more click on the link below:
http://www.cbc.ca/cp/Money/YM1619.html

DLC DELTA EQUITES

Rate Up date

1yr Variable @ 2.30%

1yr@ 2.64%

3yr VRM @ prime minus .70%

3yr @ 3.75%

5yr@ 4.09% Pre-approvals available

5yr VRM Prime minus .60%

Prime @ 2.50%

CRA Addresses Tax Free Savings Account Confusion .

There seems to have been some confusion on TFSA rules and regulations.


"Apparently many Canadians treated the program like an ordinary bank account, taking money out and putting it back in, thinking that as long as the account did not exceed $5,000 for the year, they were within the rules.

They were mistaken. While account holders can withdraw funds as they wish, they can not re-invest what they take out until the following year if that pushes total annual contributions above $5,000 in any single year."

To read more click on the link below:

http://www.cbc.ca/cp/Money/TB8806.html