An existing stress test already requires those with insured mortgages to qualify at the Bank of Canada benchmark five-year mortgage rule. In turn, home sales activity was pulled forward to the end of 2017 as home buyers tried to lock in a mortgage before the new rules took effect. Sales in the first quarter …
The post March home sales plunge, average prices down appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/march-home-sales-plunge-average-prices-down/
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