“CMHC moves to take steam out of housing market”

August 6th, 2013:
“CMHC moves to take steam out of housing market” is a great article from Tara Perkins of The Globe and Mail.
Please follow the link: http://www.theglobeandmail.com/report-on-business/economy/housing/cmhc-moves-to-take-steam-out-of-housing-market/article13607534/.

This article provides us with a little insight with what may happen in the near future. When CMHC limits the amounts of funds available to banks and lenders to insure the mortgages that they are funding, this puts pressure to tighten up guidelines. What does this mean to you? First, you can expect to see stricter parameters for qualifying for mortgage financing. Second, interest rates may increase.

What should you do? Make an appointment with us to discuss your current situation and your future goals! Contact us today at info@bava.ca or call 250-851-8888.

We look forward to hearing from you!