More on the New Mortgage Regulations & How They Affect Your Home Affordability
I just received this interesting page from Lynn McLellan, Verico Mortgages. It explains some of the terms and talks about how we're all affected. It also shows the difference between what you may have qualified for before October 17th when the new regulations came into force and what you're likely to qualify for now. Take a look:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.