canadian mortgage rules: New Canadian Mortgage Rules Eat Away Afforability - 10/05/16 02:15 AM
The New Mortgage rules that have been changed from the Federal Gov’t is a game changer for affordability, especially for first time home buyers who have no equity to put towards their first home.  This new rule will really hurt single parents and anyone trying to get their first home.
 
In an eggshell if you have less than 20% down you will have to qualify for a mortgage at the Bank of Canada Posted rates which are about 4.64% instead of rates that range from 2.2 to 2.7% for a 5 year term.  That will really erode first time home buyers ability … (3 comments)

 
Doug, Marjorie & Kevin McKay, Calgary & Chestermere - 403-207-1776 (RE/MAX REAL ESTATE MOUNTAIN VIEW)

Doug, Marjorie & Kevin McKay

Calgary & Chestermere - 403-207-1776

Chestermere, AB

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RE/MAX REAL ESTATE MOUNTAIN VIEW

Address: 973 East Chestermere Drive, Chestermere, AB, T1X 1A8

Office: (403) 207-1776

Information on the Chestermere and Calgary area real estate market.


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