Government considering raising the minimum downpayment requirement
Posted on
July 17, 2015
by
Joe Fayner
Government considering raising the minimum downpayment requirement and imposing specific conditions for high-value housing. Ottawa is undertaking consultations to ascertain whether it should impose new rules to take the heat out of the market. The tougher mortgage lending restrictions, such as a 20 year amortization requirement, adjustment to martgage insurance all considered.
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