National Bank Financial Group Adjusts the Maximum Amortization of its Mortgage Loans MONTREAL, QUEBEC--(Marketwire - July 21, 2008) - National Bank Financial Group has announced that it is reducing the maximum amortization on new mortgage loans to 35 years effective immediately. Read More   Mortgage Alliance/MPH of Canada acquires Meridian Financial Services Ltd. In an economy and marketplace that has seen Mortgage icons south of the border declare insolvency and others in Canada retreating, there is one Canadian company that is growing and now has increased its Canadian market share presence with the purchase of Meridian Financial Services. Read More   Northern Saskatchewan communities receive $3 million for new lots Northern Saskatchewan communities will receive more than $3 million from the provincial government through the Northern Residential Subdivision Program (NRSD) to provide serviced lots to meet higher demands for housing as the province's economy continues to surge. Read More   Mortgage shakeup on tap There's so much stuff, but so little time and space. Often, there's a dearth of financial news of import during the summer. This week, it's different. The feds announced a week or so ago that high-ratio mortgages in Canada, the type that are for more than 75% of property value and insured, are being "conservatized". No longer can amortizations exceed 35 years. Gone too is the zero down payment option. Existing mortgages aren't affected by the new rules. Read More

More... Tarion's ombudsman will handle consumer complaints; New CEO says 'second avenue of assistance'... House prices to rise 3.5 per cent by year-end: Royal LePage Housing prices level out; Edmonton bungalows dropped 14.5% but increase expected Home prices cool but should still rise Canada: The New Frontier for Those Seeking the Ultimate in Luxury Hideaway Living...Says Emerging... Boom goes bust as West leads housing price drop Joint ownership gaining steam; Young people entering housing market with help from friends, family Home ownership rate at all-time high TD Canada Trust changes mortgage ahead of October regulator change If mortgage lenders suffer, Canada would feel pain, too

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