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What are the new mortgage laws and how has it impacted Ontario Real Estate Market

Tuesday Apr 03rd, 2018

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Ever since homebuyers have stepped into the new year, they’ve been faced with new mortgage regulations that represent another setback on their way to home ownership. In addition to last year's price hike and the recent interest rate increases, buyers are now expected to qualify for a mortgage under the toughest stress tests so far, even those who can afford a 20% down payment. According to it, all mortgage applicants have to prove that they can qualify at a 2 percent higher rate... [read more]

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