Hamilton realtors are warning their clients about mortgage rules that will make it more difficult to qualify for a mortgage beginning in January.
They’re warning buyers that if they wait until the new year to jump into the market they may not be able to get the house they’re after — and might have to lower their price range by 15 per cent or more and consider different neighbourhoods.
“I’m contacting all of my current buyers to make sure they understand,” said Joe McMahon, a Burlington-based realtor. “Most of the public don’t realize how much this is going to affect them.”
But the impact of the new […] Read more