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Canada’s New Mortgage Rules 2018

Canada’s New Mortgage Rules 2018

It’s been a year since the Minister of Finance made the previous rule changes (Oct 2016) to home purchases for down payments that were less than 20%. These purchases required stress testing and to be able to debt-service at the Bank of Canada benchmark rate (which is...
How Will the New Mortgage Rules Affect You?

How Will the New Mortgage Rules Affect You?

It’s been about 2 months since the Department of Finance (DOF) announced some mortgage rule changes. Some of the rule changes I would agree as being prudent, but others just seem unnecessary in my view. I’m concerned for young families who may now have a harder time...