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How Will Canadas New Mortgage Rules Affect Condo Pre-sales?

April 26, 2017affect condo mortgage pre-sales rules

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How Will Canadas New Mortgage Rules Affect Condo Pre-sales?

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On February 16, 2010, Canadas Finance Minister announced changes to federal mortgage rules that will take effect on April 19, 2010. The new rules will likely affect all residential real estate purchasers in Canada. This article discusses the serious financial impact of the new rules on condominium pre-sales.