Tougher Rules And Higher Rates: What’s Next For The Mortgage Market?

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Over the past year a few new rules and changes have been put in place that have affected the mortgage market, including:

  • Stress test qualifying rate for all insured mortgages
  • Ontario’s Fair Housing Plan
  • Increase in the benchmark overnight rate

These changes were implemented to help cool down housing markets and stop individuals from over-borrowing. To find out more about the implications and what’s next for the mortgage market go here >>

Contact The Mortgage Centre KW today to find out how it might affect you 519-743-4365.

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