Mortgage Changes from the 2014 Federal Budget

The Department of Finance recently came out with the 2014 federal budget. Within that budget was some mortgage changes. CMT (Canadian Mortgage Trends) discusses the good and bad of these changes in a recent article. The changes are mostly just within the industry itself but may eventually effect an individual borrower. There could also be future mortgage "rule" changes as well but mostly likely only if mortgage growth accelerates at a speed that the finance minister feels uncomfortable with.

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