Tag Archives: mortage

Understanding the New Mortgage Rules

The new rules being enforced by the Canadian government is basically to protect the nation’s citizens from getting into the same bubble-bursting situation that the Unites States has been and is currently dealing with. Interest rates are at an all-time low, and as a result, people are buying homes with very little down. While this […]

Minister of Finance Limits Mortgage Rules

While industry experts and housing reports have issued warning about household debt levels and the possibility of an impending housing bubble, Finance Minister, Jim Flaherty, stated that the federal government was making changes to make securing a mortgage more difficult. The rule tightening will require all borrowers to meet strict qualifications for a five-year fixed-rate […]