Blog by Hassenn "The Good Guy"

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Alert!! Changes to Mortgage Rules

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We urge you to take a moment and read about the changes affecting the Federal Government Mortgage Insurance Rules, especially if you're thinking of buying soon. From October 17, 2016 onward every home buyer has to qualify at the posted five year qualifying rate. You can find up to date fates at http://www.bankofcanada.ca/. Also as of November 30, 2016 there is a new criteria in order to be elgible for government insurance.

Please click the Link for more information.
http://www.fin.gc.ca/n16/data/16-117_2-eng.asp

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