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    • Construction Mortgages – An Overview
    • 17FEB
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      Government Announces Changes to Mortgages in Canada

      Today was another big day in the mortgage business. The finance minister announced some large changes to mortgages in Canada. A quick summary of those changes is as follows: 1. Non-owner-occupied properties must have a 20% down payment 2. Maximum financing on a refinance is 90% (instead of 95%) 3. Variable rate mortgage qualifications have

      • Posted by Rowan Smith
      • Market Commentary
      • Mortgage Insurance
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    • 16FEB
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      New rules: Not as bad as speculated

      As widely reported yesterday, Minister of Finance Jim Flaherty tightened the rules on qualifying for a mortgage today. It was not as bad as many had feared (increasing the downpayment to 10% etc.) but it will definitely still have an effect on the overall housing market. Here are the rule changes: 1. Regardless of mortgage

      • Posted by Wayne Mah
      • Bank of Canada
      • First-Time Buyers
      • Market Update
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      • Opinion
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    • 15FEB
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      Tighter mortgage rules coming tomorrow

      According to multiple news reports Finance Minister Jim Flaherty is expected to announce new rules for mortgage financing in Canada in hopes of preventing households from getting into trouble when interest rates rise. The early reports speculate that there will be a “means test” for insured mortgages and possibly reducing the maximum amortization from 35

      • Posted by Wayne Mah
      • Bank of Canada
      • First-Time Buyers
      • Market Update
      • Real Estate
      • Rental or Investment Properties
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    T: 604-657-6775
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