How will the new rules on mortgage lending affect you? The Office of the Superintendent of Financial Institutions has introduced a new minimum qualifying rate, or "stress test", for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price).
Join the Lethbridge Chamber of Commerce, the Lethbridge & District Association of REALTORS, and the Canadian Home Builders Association as we discuss how to keep the housing sector strong and economic growth viable in our community.
This roundtable discussion will include Bruce Galts of Galko Homes, Janice Krueger of Mortgage Design Group, Jason Shriner of Sun City Realty, and Darren De Jong of Scotiabank.
Event Description:How will the new rules on mortgage lending affect you? The Office of the Superintendent of Financial Institutions has introduced a new minimum qualifying rate, or "stress test", for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price).