Canada tightens mortgage rules, finmin Flaherty announcing government-insured mortgages will be...

|By:, SA News Editor

Canada tightens mortgage rules, finmin Flaherty announcing government-insured mortgages will be allowed maximum amortizations of just 25 years. Additionally, maximum LTV ratios are lowered to 80% from 85% and mortgage payments will be capped at 39% of income.