Why Canada’s New Mortgage Rules Benefit Investors
High ratio (80%+ LTV) mortgages haven’t been an option for investors since April 19th, 2010 when Jim Flaherty last announced changes to Canadian Lending standards. Again in 2011, we face new rule changes which tighten lending practices yet again. Lenders now require a minimum down payment of 20% on non-owner occupied purchases, so these new…