Monday, February 8, 2016

New CMHC DOWN PAYMENT RULES for your Mortgage

“The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions. They also re balance government support for the housing sector to promote long-term stability and balanced economic growth.”
“This measure will increase homeowner equity, which plays a key role in maintaining a stable and secure housing market and economy over the long term. It also protects all homeowners, including many middle class Canadians whose greatest investment is in their homes.”
- Bill Morneau, Minister of Finance
To find out the facts for the new down payment rules click the link below:

Government of Canada Mortgage Rules

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