Change of Mortgage Financing Rules for Canada

Posted by Toronto Real Estate on January 19, 2011 · Leave a Comment 

Federal Government Changes Mortgage Financing Rules January 17, 2011 — The federal government has announced changes to mortgage financing rules for government-backed (insured) mortgages (less than 20 per cent down payment), which will affect maximum amortization periods, mortgage refinancing, and home equity lines of credit. Details The changes announced by the federal government include: Reducing … Continue reading →

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