Not exact matches
Yesterday,
Federal Minister of
Finance, Bill Morneau, announced
tighter lending rules.
And while price increases across Canada are expected to slow this year because of
tighter restrictions from new
federal home
financing rules that aim to make it harder to get a mortgage, BMO's Porter believes that Toronto and any city that is within commuting distance is in a dangerously overheated housing market.
Federal Housing Administration (FHA) loan: This mortgage is designed to help those with
tight finances or first - time homebuyers purchase a home.
There are many reasons for the drop in first - time buyers — strong home price appreciation,
tight underwriting requirements, too - few homes for sale at affordable price points — but there's at least one bit of good news to report: The
Federal Housing Administration (FHA) is making it a little easier for buyers to get federally insured
financing for condominiums.