Potential Changes to Mortgage Financing Rules
There is strong speculation the federal government may further tighten mortgage financing rules; in particular, raise down payment requirements and shorten amortization periods.
It is important for members to respectfully write their Member of Parliament and explain the negative impacts additional mortgage financing rule changes would have on homebuyers, homeowners and the economy.
Visit www.rahb.ca/GR to find a draft letter and contact information for your MP.