What you should know about the new mortgage rules
Posted on Nov 14, 2016
NEW MORTGAGE RULES – STRESS TEST:What you should know about the new mortgage rules.On October 3rd, Finance Minister Bill Morneau announced new mortgage rules in an effort to ensure that Canadians don’t over stretch their budgets.
Here’s how they work:
High Ratio Deals (less than 20% down payment): Up to Oct 17th, if you chose a fixed mortgage term o...
