Many Canadians Don't Know New Mortgage Rules!

Canada's finance minister is moving aggressively to cool down the mortgage market, but it appears many Canadians aren't paying attention. Which may be one of the reasons consumers are carrying record debt burdens. The changes were announced with great fanfare, and both Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney have been pleading with Canadians to prepare for the inevitable rise in interest rates. Read more...