Buying, Renovating and Selling Real Estate in Toronto
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A belt-tightening for home equity lines of credit

House squeezed by clamp
I was talking to my neighbourhood banker today, and he let me know that as of Monday, August 20th, TD Bank (along with a few other banks, like RBC) will be changing the loan to value ratio for their home equity lines of credit (HELOCs).  It’s currently at 80% LTV and it will be
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New mortgage rules effective today

There’s been a lot of press and chatter about the federal government’s tightening of mortgage rules since it was announced on June 20th.  In fact,  today I was asked by two separate people regarding my thoughts on the matter.  I’m not sure what news they’ve bee
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