Robert McLister·Government RelatedMortgage Regulations·January 17, 2011New Mortgage Rules Now Official Effective March 18, 2011, it will become harder to buy a new home or consolidate debt into your mortgage. That’s due to three new changes announced today by Finance Minister Jim Flaherty: A 30-year maximum amortization on insured mortgages over 80% LTV An 85% LTV limit on insured refinances Elimination of government insurance on secured lines of credit (aka., HELOCs) Flaherty says these regulations are meant to “(encourage) hard-working Canadian families to save by investing in their homes and future.” Here is the full press release. More to follow… Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.