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A fully underwritten mortgage pre-approval is more important than ever since the Government of Canada’s latest round of mortgage rule changes took place in October, 2016.

Insured mortgages (for those of you with less than a 20% down payment) are subject to a government mandated stress test. Under these rules, the average purchaser may now qualify for up to a 20% reduction in purchase price.  If you qualified for a $300,000 purchase price before the rule changed, in many cases your maximum purchase price may now be $240,000.

Have your mortgage pre-approval in place before you list your home or write an offer on a home. This will give you confirmation that you can afford to do what you want to do and eliminate wasted time and the frustration of being declined.

For a free, no obligation consultation to discuss your mortgage pre-approval options, please contact me by phone @ 204-371-9284 or email