Fasten your seatbelts, home buyers

You now have roughly six to nine months to get a personal plan together for dealing with higher interest rates.

After that, the ride begins. Where it ends depends on how smartly the economy and inflation snap back, but we could be looking at a prime rate of more than double the current 2.25 per cent by the end of 2011. Let's look at four ways you can prepare: 1. Home buyers, lock down your mortgages
01-22-2010 12:32 More...

Teachers buys AIG's Canadian mortgage insurance business

The Ontario Teachers' Pension Plan, which leads an investor group set to buy American International Group Inc.'s (NYSE: AIG) Canadian mortgage insurance business, says the acquisition enhances the fund's investment portfolio ``beautifully."
01-05-2010 16:02 More...