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

Blog by | October 17th, 2017

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
Email: Alex@LakeOkanaganRealty.com