— We take our content seriously. This article was written by a real person at BREL.

In an effort to cool the housing industry, Finance Minister Bill Morneau announced some big changes to mortgage qualification rules today, October 3, 2016. We invited Mortgage Broker Mortgage Jake to tell us all about the changes and how they will impact Toronto Buyers and Sellers.

Also: this is the inaugural video in our new weekly video series WTF: This Week in Toronto Real Estate. Enjoy!

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