New Mortgage Rules Canada 2024. As new mortgage rules take effect, experts discuss the implications for both borrowers and the broader housing market. One new rule is the requirement that banks proactively reach out to borrowers four to six months before their mortgages are up for renewal.
The total monthly seasonally adjusted annual rate (saar) of housing starts for all areas in canada increased 16% in july (279,509 units) compared to june. Canada’s banking regulator on friday said lenders will have to limit the number of mortgage borrowers with highly leveraged loans in their portfolios as canadians grapple with.
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