2. Re-finance 时可借的数量,从85%降至80%
6月21日早晨 财长Flaherty 将在记者会上公开所有细节
Mortgage rules to be tightened further by Ottawa
Amortization rules, home equity borrowing limits to be more strict
Jun 20, 2012 9:07 PM ET
The government announced Wednesday it will reduce the maximum amortization period for a government-insured mortgage, lowering it from 30 to 25 years, and also drop the upper limit that Canadians can borrow against their home equity from 85 per cent to 80 per cent.
Ottawa will announce two other changes, according to a source. It will no longer allow high-ratio mortgages over $1-million, and it will cap the gross debt service (which looks at a consumer’s total debt payments as a percentage of their income) at 39 per cent. While many banks tend not to allow mortgages over 40 per cent, there had been no official rule in place.