25 January 2012

Tough new mortgage rules may be on the horizon if housing market continues to boom

According to two reliable sources, we may see another cycle of new
mortgage rules coming from Ottawa. They may concern toughmeasures for
qualifying self-employedconsumers and tighterrules for condominium
The deal is that Ottawa is still worried about the inflated
real estate market and that’s why wants to change the application
rulesfor individuals who can’t prove their income in a traditional

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