Recent news that you need to know regarding mortgages in Canada:
As I burn the midnight oil filing my usual 150 income tax returns this spring, a number of changing trends are emerging.
When I started preparing returns for the public more than a decade ago, perhaps 10% of my client families owned rental property. Now, nearly 40% have at least one rental property, or rent out part of their own home.
One reason is that interest rates have been near all-time lows for an extremely prolonged period. That has made mortgages attractive for home buyers, and financial institutions have opened up to them, causing a booming uptake on Home Equity Lines of Credit, or HELOCs…
When I started preparing returns for the public more than a decade ago, perhaps 10% of my client families owned rental property. Now, nearly 40% have at least one rental property, or rent out part of their own home.
One reason is that interest rates have been near all-time lows for an extremely prolonged period. That has made mortgages attractive for home buyers, and financial institutions have opened up to them, causing a booming uptake on Home Equity Lines of Credit, or HELOCs…