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Stories Tagged - Real Estate

June 28, 2012 | Cody Stuart

Rule Change

Government tightens lending guidelines

With concerns regarding overheated housing markets and household debt levels rising nationwide, the federal government has enacted new rules governing mortgage lending and borrowing.

The biggest change, and the one most likely to have an impact on Canadian homebuyers, is the reduction of the maximum amortization periodfrom 30 years to 25.

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