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Tag Archives: debt service ratio
NHS: Home-ownership dreams are reliant on mortgages for most Canadians. Does this mean more Canadians are taking bigger mortgages? Or are we borrowing for longer periods of time? Probably, yes. We are also becoming more financially savvy. Experts are finally … Continue reading
For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.