Month: October 2017

Canada’s new budget numbers show booming economic growth — and booming spending

Published online Ottawa Citizen by Brian Platt: October 25, 2017 | Last Updated: October 25, 2017 8:43 AM EDT   OTTAWA — Surging economic growth has Canada’s government on track to lower its deficits, but it’s also committing billions of dollars in new spending, including an extra $5.6 billion pumped into the Canada Child Benefit …

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OSFI sets new mortgage rules, including stress test for uninsured borrowers, find out more about how this will affect you

By Pete Evans, CBC News Posted: Oct 17, 2017 9:29 AM ET Last Updated: Oct 17, 2017 3:02 PM ET   Canada’s top banking regulator has published the final version of its new mortgage rules, which include a requirement to “stress test” borrowers with uninsured loans to ensure they could withstand higher interest rates.   The Office of the …

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Give Away Weekend!

City of Ottawa website The fall Give Away Weekend will take place on Saturday, October 21 and Sunday, October 22, 2017 Don’t put your unwanted stuff in the garbage. Set them out at the curb on Give Away Weekend. Tour your neighbourhood, community and city to find hidden treasures. Examples of acceptable items Books, CDs and DVDs Old furniture and …

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CMHC explores cutting red tape to make it easier for self-employed to get a mortgage

The Canadian Press – Joanna Smith Oct 2, 2017 OTTAWA — The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can afford to pay the mortgage. “Right now, under our mortgage insurance policies, …

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