Written by 5:49 PM Government and Regulation Views: 11

Update From the Finance Department

Just in from an official at the Finance Department:

“The Government will provide additional details shortly” on which rate will be used to qualify mortgages starting April 19.

That, of course, refers to which interest rate lenders will need to use to calculate people’s debt ratios.  (See “Small Oversight”)

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Last modified: May 24, 2022

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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