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Q & A On Government Changes

April 13th, 2010

Q & A Government Regulatory Changes

 

New Qualifying Rate Rule Changes for both Conventional and Insured (CMHC/Genworth) Mortgages:

 

Do the new qualifying rate rules apply to both conventional and insured mortgages?

Yes. Similar to today, our policy will use the same qualifying rate rules for both conventional and insured mortgages

 

 

If I have a pre-approval prior to April 19th wil ...

Bank Of Canada Interest Rates

April 13th, 2010

When will the Bank of Canada raise interest rates and by how much?

Posted to FP: April 12, 2010, Jonathan Ratner

With most agreeing that a rate hike from the Bank of Canada is imminent, the talk now turns to the exact timing and extent of the central bank’s policy changes.

Governor Mark Carney made a “conditional” promise to keep the benchmark interest rate at 0.25% through the end of Jun ...