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New Mortage Rules Will DRASTICALLY Reduce Buying Power Starting January 1, 2018

New Government Regulations will reduce your ability to access the equity in your home and also those looking to purchase - buying power will be reduced by 20% ... For Example:
500k today = 400k Jan 1, 2018
600k today = 480k Jan 1, 2018
700k today = 560k Jan 1, 2018
If you are looking to buy and are on a tight budget, you need to buy before January 1st.
Alexandra Axsen
Lake Okanagan Realty
Managing Broker
Tel: (250) 870-2792