Recently Announced Changes for Housing Financing

-All mortgages will be based on qualifying on a 5 year fixed rate, even though the buyer closes a shorter or variable rate (in preparation for higher interest rates coming on)

-Refinancing will be limited to 90% “loan to value”, eliminating the current 95% figure

-All investment properties will require 20% downpayment on mortgaged amounts


For more information, please contact me at 780-808-1327


check out the Government of Canada Department of Finance News Release at:

Eugene Hallan

Eugene Hallan

CENTURY 21 Lloydminster Realty
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