Becoming Masters of the New Mortgage Rules

By: Victoria & Josh Brunetta

Becoming Masters of the New Mortgage Rules

Tags: *mortgages *ottawahomes *homesinottawa *homeprices

Canada’s finance minister said the Liberal government is not considering any further actions to tamp down overheated housing markets.  Currently, only insured mortgages with a term of less than five years, and/or a variable rate mortgage, had to qualify on the Bank Of Canada (B.O.C) rate. This requirement will also be extended to low ratio mortgage insured mortgages efective November 3...Read More