Sentences with phrase «canadian mortgage qualification»

Under current Canadian mortgage qualification rules, home buyers can only get a mortgage if their debt - ratios show that they can make payments based on the Bank of Canada's qualifying rate.

Canadian Mortgage Qualification I would like to begin investing in real estate.

Not exact matches

That is, when debt service ratios are calculated using the discounted mortgage rates actually charged by banks (about 125 percentage points below posted rates), the average Canadian homeowner is paying just 25 % or so of income on mortgage payments, far below the 32 % benchmark used for mortgage - insurance qualification.

Then the Canadian federal government tightened up mortgage qualification rules, making sure that every borrower is stress tested based on posted rates (which currently hover at 4.64 %).

Apart from the many roles and responsibilities that the Canadian Mortgage and Housing Corporation perform on behalf of the government, it overlooks the mortgage qualification procMortgage and Housing Corporation perform on behalf of the government, it overlooks the mortgage qualification procmortgage qualification process too.

It was also announced that the Canadian Mortgage and Housing Corporation would now be stricter regarding the mortgagee qualification criteria.

The homebuying budgets of Canadian millennials shrank by 16 per cent or just over $ 40,000 following the introduction of tougher mortgage qualification rules in January, according to a new study.

REMIC founder and president Joseph J. White says, «It is our firm belief that every Canadian benefits by using a qualified mortgage broker for all of their financing needs, and our innovative training products are designed to assist mortgage brokers in obtaining and maintaining the qualifications to meet those needs.»

In a sign of the ongoing role government intervention is playing in the market, one in three Canadian homebuyers said they had decided to forgo a home purchase in light of the new mortgage qualification rules that came into effect January 1, according to a new Re / Max survey conducted by Leger.