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Canadian Finance Minister Jim Flaherty has changed some of the rules when it comes to mortgages in Canada. There was some concern that one of the rules would be that home-buyers would have to put a minimum of 10 percent down, instead of only five percent. Another change that was discussed but was not implemented was shortening amortizations from 35 years maximum to 30 years, this also did not happen.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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