Canada Relaxes Mortgage Qualification Rules as Rates Fall

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Mortgage Renewal in Cambridge, ON

The finance department announced Tuesday it will set up a new benchmark interest rate used to determine whether people will qualify for an insured mortgage that will be based on actual borrowing costs, rather than advertised rates. 

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Original Article Source Credits:bloomberg , https://www.bloomberg.com/

Article Written By :Chris Fournier

Original Article Posted on :February 19, 2020

Link to Original Article:https://www.bloomberg.com/news/articles/2020-02-18/morneau-eases-stress-tests-for-canadian-insured-mortgages

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