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.


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Robert McIntyre

Robert McIntyre

CENTURY 21 Bamber Realty Ltd.
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