Mortgage stress tests have squeezed millennials’ homebuying budgets by $40,000: study
The homebuying budgets of Canadian millennials shrank by 16 per cent or just over $40,000 following the introduction of tougher mortgage qualification rules in January, according to a new study.
Best fixed rates are as low as *3.19 – 3.59 % 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.”
Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.