CMHC tightens lending criteria
Posted by: Aneta Zimnicki
Boom. CMHC makes more announcements. Here are the technical details, followed by what this all means and my commentary, how this may affect the market. Effective July 1, CMHC insured mortgages: The maximum gross debt service (GDS) ratio drops from 39 to 35 The maximum total debt service (TDS) ratio drops from 44 to 42 […]
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