BREAKING NEWS!! – Look 2 Exclamations…must be Big!



Once again, the Federal Finance Minister announced MORE Changes to CanadaÕs Mortgage Insurance Rules!! All the while Ð completely ignoring the Credit CardÕs and High Interest Loan Companies. Well Ð I suppose itÕs just easier for him to point 1 finger at a time. Here is what is going on: 1. Amortizations reduced to 25 years 2. Refinancing limited to 80% 3. Properties purchased at over $1 million no longer eligible for mortgage insurance 4. GDS and TDS set at 39% and 44% These changes take place on July 9, 2012. For more information, please call Jason at 205-1270 or email Jason