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June 5, 2020
CMHC Tightens Mortgage Rules

Canada Mortgage and Housing Corporation (CMHC) announced yesterday, June 4th, they will be implementing new changes to their lending policies that will take effect July 1, 2020. Below are some of the updates I’ve collected so far… Limiting Gross Debt Service (GDS) ratios to 35% (from 39%) Limiting Total Debt Service (TDS) ratios to 42% […]

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