Last week the CEO of CMHC warned the House of Commons that Canada could see mortgage defaults reach $9 Billion as a result of the pandemic.
It is very possible that the minimum Down Payment for the purchase of an owner occupied home will be raised from 5% to 10%.
Mortgage Rules & Regulations change quickly. That is why you need a trustworthy and knowledgeable mortgage professional in your corner; like me.
Blair MacFarlane; Working for You Not the Lender.
Blair MacFarlane
Mortgage Agent
Licence #M08006510
SAFEBRIDGE Financial Group
M: 416-876-4437
F: 416-466-5855
E: BMacFarlane@SafebridgeFinancial.com
W: www.blairmacfarlane.safebridgebroker.com
L: www.linkedin.com/in/blairmacfarlane