New Mortgage Qualifications for Buyers as of Oct 3, 2016
Federal government changes mortgage insurance rules REBGVother The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. […]
By Les Twarog Vancouver Real Estate and Condo Blog
on 04-10-2016