2018 might just be the year to buy a home! Canada’s real estate market is bound to take a hit this year thanks to the government’s new mortgage rules that took effect on January 1st.
The rules, aimed at making sure Canadians can afford to meet their monthly mortgage payments if interest rates rise, will intentionally make it harder for buyers to qualify for an uninsured mortgage.
Best fixed rates are as low as *2.84 – 3.49 % for a 5 year fixed,
*High Ratio/Quick Close Specials
If you are in the market for a home, book an appointment today to see how the recent regulatory changes by the Office of Superintendent of Financial Institutions will affect your purchase.
**rates subject to change with market conditions – *OAC **conditions apply E. & O. E.
| **Please note that rates shown above are subject to change without notice. The rates shown are posted rates and the actual rate you receive may be different, depending upon your personal financial situation. “Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.”