- Joined
- Sep 18, 2009
- Messages
- 219
The article below explains the changes to CMHC`s TDSR calculations. Investors should take the time to see how the changes affect them. There is also a few recommendations (and I stress a few) to assist investors in obtaining insured financing going forward.
http://www.canadianmortgagetrends.com/cana...ntal-rules.html
as an fyi, I have a handful of properties, all that cashflow extremely well. My TDSR went from 12% to over 50% with the new calculations. Here`s hoping banks retain their TDSR calculations and do not follow CMHCs lead.
http://www.canadianmortgagetrends.com/cana...ntal-rules.html
as an fyi, I have a handful of properties, all that cashflow extremely well. My TDSR went from 12% to over 50% with the new calculations. Here`s hoping banks retain their TDSR calculations and do not follow CMHCs lead.