Blog by Brenda Russell

Victoria BC Real Estate Update

June 21st, 2012

Rules for Government Backed Insured Mortgages
Victoria Parlement Buildings 

The Victoria Real Estate Board has provided this new inforamtion about this mornings announcement from the Minister of Finance announcing changes to the standards governing government-backed insured mortgages:

  • the maximum amortization period was reduced from 30 years to 25 years;
  • the maximum amount Canadians can withdraw in refinancing their ...