MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search

New Page

Thursday, June 21, 2012 - Mortgage Changes

The federal Canadian government announced amendments to government-backed mortgage standards, to take effect July 9, 2012.  These are: (1) Maximum amortization period reduced from 30 to 25 years (2) Maximum withdrawal amount for refinancing was lowered from 85% to 80% of the home value (3) Maximum gross debt service ratio was fixed at 39 per cent and the maximum total debt service ratio fixed at 44 per cent  (4) Availability of government-backed insured mortgages was limited to homes with a purchase price of less than $1 million.

posted in General at Thu, 21 Jun 2012 18:52:24 -0600

New Page

VIP Widget
Widget for quick access to VIP features
Photo and business card details widget
PROrealty Real Estate
Agent Photo
TelephoneOffice Phone:
780.886.9210
TelephoneFax:
780.458.6053
Email MeEmail:
Business Card - Scrolling
Business Card Widget that shows a number of your team members in succession.
Loading...
Add This
Widget that allows you add social media sharing links.
Add This - Widget