Paula Siemens

As many of you know the Federal Government came announced a new tax credit (HRTC) for those individuals doing renovations to their home.

The renovations must occur between January 27^th 2009 and February 1^st 2010. The HRTC can be claimed for renovations and lasting alterations to a dwelling, or the land on which it sits. You must have proper receipts to benefit from this program the Governmen ...

As you know the fixed rates have had 2 significant jumps over the past 10-14 days. This is a result of the bond market activity and shrinking spreads for the lenders.

The Bank of Canada has held rates as is and will continue to do so for another year most likely. Anyone in "old" variable rate mortgages will have a significant discount below prime and should likely stay floating. I would rec ...