Amortization may go to 30 years from 35 years

In next budget amortization may go to 30 years from 35 years

http://www.bloomberg.com/news/2011-01-14/flaherty-s-helping-hand-may-delay-canada-interest-rate-rise-nomura-says.html

This will impact qualifying for mortgage for a lot of 1st time home buyers.

Daily mortgage rates

Financial Post site gives a general idea of mortgage rate changes. Although more lenders and special promotions available through brokers.

http://www.financialpost.com/personal-finance/rates/mortgage-closed.html

Heloc at Prime

Heloc at prime now, any one paying prime + 1 is giving more than required to the lender.

Prime rate at 3.00

Prime rate currently at 3.00 and variable rate mortgages as low as prime minus .80.