How do the new federal rules on mortgages affect the Calgary market? Hiren Mansukhani — Calgary Herald

For many Calgarians, the prospect of a lower monthly payment is more attractive than a shorter loan duration, even if that means paying more interest over time, said Jamil Thobani, a realtor in CalgaryNew rules by the federal government that stretch amortization rates for homebuyers and expand the cap for mortgage insurance will do little to make housing more affordable for Calgarians buying properties for the first time in the city, experts say. Read More …Read More