Sentences with phrase «maximum gds»
«Canadians whose monthly housing expenses exceed a maximum GDS ratio of 32 per cent risk overextending themselves and could face challenges in meeting their mortgage obligations, while those who underestimate housing costs may be taken aback by the reality of rising housing costs in Canada,» says John Schipper, president of Mortgage Intelligence.
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Maximum GDS / TDS will be 39 % / 44 % — GDS is Gross Debt Service, while TDS is Total Debt Service.
According to the revised mortgage rules following June 2012, the maximum GDS and TDS allowed in order to draw a loan successfully are 39 % and 44 % respectively.
Not exact matches
The 2.4 L GD VNT intercooler diesel engine produces a maximum power output of 149Ps of power and a peak torque of 343Nm, and comes mated to a 5 - speed manual transmission gearbox.
GDS which accounts for a maximum 39 % of annual income allocated towards Principal and Interest Payment, Property Taxes, Strata Fees and Heating Costs.
The maximum gross debt service (GDS) is set at 39 per cent and the maximum total debt services (TDS) will be 44 per cent.
-- The vast majority of people who took out their first mortgage last year borrowed less than they could afford to, as their Gross Debt Service (GDS) ratios are far below allowed maximums, even at the higher interest rates that are used to qualifying them for their mortgage.
Why is the Government limiting the maximum gross debt service (GDS) and total debt service (TDS) ratios?