The You First Blog

Ottawa Tightens the Mortgage Rules

February 17, 2010
Financial Planning
Terry Broaders

In order to forestall the possibility of a housing bubble and subsequent housing market crash the federal government has tightened up mortgage lending regulations. The following changes are to be effective April 19, 2010 but it is expected that most banks and lending institutions will implement the changes effective immediately. These rules apply to all… Read More