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The Honourable Jim Flaherty, Minister of Finance, and the Honourable Tony Clement, Minister of Industry, today announced that all of the measures in Canada’s Economic Action Plan to improve access to financing are in place and fully operational.
“To date, over $115 billion has been provided to improve the availability of financing for [...]

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According to the Saskatoon Star Phoenix, “Saskatoon city council’s executive committee approved a new mortgage support program on Tuesday to help low- and moderate-income people get into the housing market.
“Under the program, which will replace the home start affordable housing initiative, people with a household income of $52,000 or less will be given a five [...]

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OTTAWA — For the second time in as many weeks, Canada’s major banks have hiked rates on fixed-term mortgages.
Most increased their three-, four- and five-year rates by 0.4 percentage points on Wednesday.
The move brought average posted rates on those mortgages to 4.55 per cent (three-year), 5.34 per cent (four-year) and 5.85 per cent (five-year).
http://www.ottawacitizen.com/Banks+hike+fixed+term+mortgage+rates/1682791/story.html

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