December 2017

New Mortgage Rules For 2018

Posted on Dec 12, 2017 in Mortgage Information

Brenda Upton from Dominion Lending Centres breaks down the new changes to the mortgage space:

Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage (Including non insured mortgages) must now prove that they would be able to cope with interest rates substantially higher than their contract rate by using a new minimum qualifying rat...

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