New Lending Rules Take effect

 

New Lending Rules for High Ratio Insured Mortgages are now in effect.There will be some "market waves" as first-time buyers are impacted, which will affect up-stream activity, too.

Continued good news for those getting a mortgage or looking to refinance is that all signs point to the Bank of Canada maintaining the status quo for interest rates on July 17th.

 

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Robert McIntyre

Robert McIntyre

REALTORĀ®
CENTURY 21 Bamber Realty Ltd.
Contact Me

Tags