There seems to be alot of misunderstanding about the new mortgage rules so here is the straight goods:
- Still 5% down for 1st time buyers
- Investors will need to pony up 20% down instead of 10% (CMHC Insured) starting in April. So if you looking to invest now is no better time in the Prince George market.
Royal LePage Prince George
Posted via email from Prince George Real Estate