Canadian Government is considering some new mortgage rules for Condo units

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TOPIC: Canadian Government is considering some new mortgage rules for Condo units

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#144

Canadian Government is considering some new mortgage rules for Condo units 1 Year, 4 Months ago	Karma: 0
Read this short artcle - Tougher condo mortgage laws may be on the way www.financialpost.com/personal-finance/T...y.html#ixzz1B1m1B1Sm

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#145

Re: Canadian Government is considering some new mortgage rules for Condo units 1 Year, 4 Months ago	Karma: 0
The new rules are published today. These are the new rules: 1. Mortgage amortization periods will be reduced to 30 years from 35 years. 2. The maximum amount Canadians can borrow to refinance their mortgages will be lowered to 85 per cent from 90 per cent. 3. The government will withdraw its insurance backing on lines of credit secured on homes, such as home equity lines of credit.

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