Mortgage Architects
108-92 Church Street South L1S 6B4 Ajax, ON, Canada

The new mortgage rules have hurt the high net worth borrowers. Individuals with multiple single family properties held in their personal name are finding it very difficult to borrow at A rates. As a result these borrowers will likely stop borrowing until such time the rules loosen up. This will contribute to slowing down the real estate market especially investment properties and may in fact slow down economic growth.

The TFSA contribution amount for 2016 is $5,500, which will bring the cumulative contribution limit to $46,500. Read more here: http://www.mortgagesmadeeasy.biz/news/mynews/377

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