Insured Mortgages
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Mortgage changes will give ‘extra incentive’ to build homes faster: FreelandFinance Minister Chrystia Freeland clarified new downpayment rules for the larger insured mortgage cap on Tuesday, one of the proposals she claims will help improve affordability.EconomySep 24
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Saskatoon real estate broker says stress test adjustment will slightly help first-time buyersIf someone went into a bank this week, the new rules would work out to an additional $10,000 to $15,000 in buying power.CanadaFeb 19, 2020
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Ottawa looks to shift some mortgage loan default risks from taxpayers to banksThe federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.ConsumerOct 21, 2016
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