There have been a series of significant regulatory changes to Canadian mortgage rules over the last 2-3 months. Some of these changes have had a big impact on how consumers qualify for a mortgage (Mortgage stress test) and have also impacted mortgage rates. CMHC insurance premiums are going to increase on March 17th, and there could be more changes implemented in the coming months. Now more than ever, you need to align yourself with a professional who understands all of the nuances that these new regulations have created to ensure that you are getting the best possible mortgage for your needs.
If you need help navigating all of your available options, please call me at 780 965 3789. My services are typically free and come with no obligation. I would be more than happy to assist you in any way possible.