How will new mortgage rules impact first time home buyers?
The Canadian government has introduced new rules around mortgages that many feel will have an impact on the hot real estate market in Toronto but also on first time home buyers.
Join Financial Security Advisor, Margaret Bennett from Freedom 55 Financial & Quadrus Investments Services Inc. for a seminar on what the new rules will mean for your savings strategy, the Toronto market, mortgage approvals.
Special guests will help us understand these rules and the anticipated impacts on the Toronto market:
Linda Walters, from Mortgage Architects, will help explain the new "stress-test" and possible impacts on mortgage rates and buyer "pre-approval."
Tyler Smith, from Wright Sisters Group will provide an update on current conditions of the Toronto housing market for first-time home buyers and what realtors are preparing for with these new rules.