Canada’s New Mortgage Rules Could Make Life Tough For 1/3 Of Insured Borrowers
- October 7, 2016
- Posted by: admin
- Category: News, Real Estate
First-time homebuyers may need to lower their expectations under the Liberals’ new mortgage rules. A report by Genworth MI Canada says over one-third of insured mortgages — predominantly borrowed by first-time homebuyers — would have difficultly meeting the requirements. First-time homebuyers, the company said, would have to consider buying cheaper properties or saving for a
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