In this video I’m going to talk to you about the new mortgage rules that the federal Government of Canada has just imposed upon us that are going to take place effective October 17, 2016. If you have an existing mortgage this is not going to affect you at all. However, if you’re selling your home, buying a new home and applying for a new mortgage this is definitely going to affect you. So what the federal government has done is a couple of things really.
Foreign Investment in Canada
First of all they are taking steps in an attempt to cool a HOT real estate market. I have to tell you the truth…. click below to watch my complete explanation of the new mortgage rules in Canada:
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