Finance Minister Tightens Insured Mortgage Rules Again In Less Than A Year

Going Overboard, Who Is Captain Of Canadian Mortgage Ship? Today the Canadian Finance Minister (Flaherty) announced additional tightening of rules for government backed (insured) mortgages.  Last April 2010 he introduced rules that effectively reduced the ability for Canadians to leverage their homes and revenue properties.  Today he focused solely on Canadians’ homes.  The three sweeping …

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