Tag Archives: new mortgage rules

New Mortgage Rules and Predictions of the Future

Posted on June 25, 2012 by Kathy Johnson

There will be some big changes in the ability to borrow money to purchase/renovate your home as of July 9th. On Thursday, the following changes were announced: You can only amortize (is that a proper verb?) for 25 years, … Continue reading →

Posted in Uncategorized | Tagged Household debt, Housing Predictions, Mortgage broker, Mortgage loan, new mortgage rules, What the Real Estate Market is Doing |

New Year – New Mortgage Rules

Posted on January 17, 2011 by Kathy Johnson

Canadian Finance Minister Jim Flaherty announced today changes to tighten mortgage rules for the second time in a year in an attempt to prevent rising debt levels which could threaten the economic recovery. The following changes will come into effect … Continue reading →