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Vancouver Real Estate Affordability & March 18 2011 Mortgage Rule Changes

March 18, 2011, Department of Finance Mortgage Rule Changes and Real Estate Affordability in Vancouver We've been discussing mortgages a lot lately because they have such a huge impact on Vancouver Real Estate Market. In previous posts, we explained the March 18, 2011 Mortgage changes Canada's Department of Finance enacted. Today we're going to talk about how these changes to Canada's mortgage rules will affect the affordability of residential real estate here in Vancouver. Jessi Johnson a Vancouver Mortgage Broker did some calculations to give a better idea of the impact from these changes. Rising Rates & Shortened Amortizations Affect…

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