Stricter Debt Ratio Standards on the Way
July 5th, 2013
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2013/07/debt-ratio-calculations-to-get-stricter-on-insured-mortgages.html
If you’re a typical borrower, your debt ratios will largely determine if you’re approved for a mortgage.
For applicants who push the limits of qualification, those approvals have been tougher to come by. That’s a direct result of last year’s mortgage rule ...