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Effective June 1, the minimum qualifying rate for an uninsured mortgage will be 5.25 per cent or the mortgage contract rate plus 2 per cent, whichever is greater. Pattie Lovett-Reid explains what this means for homebuyers in her new column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: What the new rules around uninsured mortgages mean for homebuyers
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