Blog by Betsy Carstairs

new financing rules

December 16th, 2018
I was doing some year end financing & was alerted by the bank's finance advisor as to the impact of the new rules on lending. This advisor relayed stories on  a few clients who had put in offers on properties & when it came time for them to complete were not approved for a mortgage. The end result was that these buyers walked away from their deposits. When I read Christos Gitersos' ( a Vancou ...