Upcoming Government Mortgage Qualifying Changes 2021 & How that will impact you as a Home Buyer

Tuesday Apr 20th, 2021

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John Greenlee from the Mortgage Centre joins me, Jennifer Foley, Real Estate Broker, to talk to us about upcoming government changes to qualifying to purchase a home / get a mortgage. Canada’s banking regulator signalled in early April 2021 to tighten qualification rules for uninsured mortgages, this is related to low interest rates possibly putting new home buyers too far into debt. This move will effectively reduce, by about 4 per cent, the size of mortgages households will be... [read more]

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