New Lending Rules Will Impact First Time Homebuyers

By |2018-02-07T18:12:24+00:00October 11th, 2016|Uncategorized|0 Comments

Canada's first-time home buyers may have to shelve their dream house fantasies due to new lending rules announced last week by the federal government. The Government of Canada's finance minister has implemented new measures for those with less than a 20% down payment. Effective October 17, 2016, all five year fixed rates (with less than 20% down) [...]