As MLN hinted last Thursday, insured 30-year amortizations are coming back from the dead after a 12-year absence—with a few strings attached. Finance Minister Chrystia Freeland made the announcement today and the change takes effect August 1. Insured extended amortizations will be available to first-time buyers purchasing new construction

📰Also in this edition: • Canadian / U.S. rates to diverge • Mortgage Bytes So, here's a 'coincidence.' The day after we run a story on potential mortgage changes, JT plays coy when reporters ask him about 30-year insured amortizations: “On mortgages, we will have more to say

For a minority of mortgage shoppers, the price of leverage is going up. Canada's banking watchdog, OSFI, has confirmed to MLN that it will enforce a new restriction on mortgage borrowing. "The LTI measure we are implementing is a portfolio test that is designed to prevent the

📰Also in this edition: • What the blockbuster immigration news means for real estate • Mortgage Bytes Well fancy this: a government watchdog is taking underdog borrowers under its wing. In a submission today to the Department of Finance, Canada's Competition Bureau (CB) defended unfairly treated mortgage switchers, saying it