Changes to Mortgage Rules

Interesting news from the federal government out today regarding mortgages on homes over $500,000.

It looks like these will be in place in early 2016 and the new rules are designed to, "..foster equity and dissuade cash-strapped buyers who may be seduced by low interest rates."

Here in Saskatchewan we do still have lots of homes for sale under the $500,000 mark and if you want to talk about how this could affect your future real estate purchase contact me, I would love to hear from you!


 

Read more about this news here at CTVnews.ca.

Jo-Anne Larre

Jo-Anne Larre

REALTORĀ®
CENTURY 21 Fusion
Contact Me

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