Jim Flaherty is changing mortgage insurance once again

It looks like the government is looking on ways to hold back the market, and it will be putting up the cost of high ratio insurance in the new year.
Full report from The National Post

Mortgage: Self Employed or Empolyee

Thinking of buying a house in the near future, and you have an option of either working self-employed or employee. Go for the employee option, self-employed (sub-contractor) is getting much more difficult to qualify for a mortgage with.