Proposed Changes to Mortgage Underwriting Practices: BCREA’s Response

The federal Office of the Superintendent of Financial Institutions is considering changing residential mortgage insurance underwriting practices. One of these changes would require a qualifying stress test for all uninsured mortgages, which could negatively impact housing affordability. Homeownership is an important achievement for many Canadian families. Requiring all uninsured mortgages to have to qualify for

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Potential Tax Planning Changes

The federal government has proposed several changes to the Income Tax Act that could affect personal real estate corporations in BC. Until October 2, the government is accepting feedback on its proposals, which will impact a wide variety of Canadians.The federal government has proposed several changes to the Income Tax Act that could affect personal real estate corporations in

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