Fort McMurray Alberta Search
Price of Oil
The Real Estate Kings
Tag Archives: finance ministry
In another mandate by the OFSI federally regulated lenders will eliminate Cashback Down Payments. Lenders, such as credit unions, who are provincially, not federally, regulated may still approve these mortgages. However, CMHC spokesperson Charles Sauriol stated “CMHC supports the implementation … Continue reading
The Feds have moved the financial goal posts yet again, this time by capping HELOC loan to value ratio at 65% but some exceptions still apply, most notable with Credit Unions as they are provincially, not federally, regulated.
Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use … Continue reading