Robert McLister·Government RelatedMortgage Regulations·January 17, 2011New Mortgage Rules to be Announced Monday, Say Papers If CTV, the Globe, and the Post are right, Canadians can say goodbye to: Refinances up to 90% LTV (Insured refinances are reportedly being cut to 85% LTV maximum) 35-year amortizations on high-ratio insured mortgages (The maximum is reportedly being cut to 30 years) These papers quote sources claiming the government will announce these changes today. In addition to the above, the government will reportedly: Reduce or eliminate its backing of HELOCs. Leave minimum down payments as is, at 5%. Leave debt ratio calculations for condos unchanged as well. None of the above is confirmed as of the time of this story. We’ll check later today if the news breaks. 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.