As most of you will know, Canadians that borrow from a financial institution covered by the Bank Act with less than 20 per cent down payment must have mortgage default insurance. The premiums that they charge are calculated based on the loan-to-value ratio of the mortgage.......
**New mortgage rule changes came into effect on October 17, 2016.**
**Click here to read about these changes, and how they can affect your mortgage financing.**
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