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Whether you are a resident of Canada or even a non-resident (living and working abroad), you are probably wondering how to keep purchasing and/or refinancing when the mortgage rules keep changing like the wind!

Since last October, we have seen massive changes – everything from increased rates, properties that were previously insured are now uninsured and the qualifying rate for everything under the 5-year fixed has risen three times.

So with these massive changes how do you keep up? How do you purchase when the mortgage rules keep changing?

As brokers, we deal with these frustrations every day and the answer unfortunately is not clear!

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