Normally your rates can be held for 90 to 120 days. Each lender has it’s own rules for this and you can check with your broker. There are a few lenders that will grant longer rate holds for new construction.
After 20 years in the Canadian mortgage business I have written 3 books on the 3 areas that I find my clients ask me about the most. Each book is Free in a digital format or you can order a printed copy at www. Amazon.com or www.Amazon.ca. The books are designed to answer your questions and concerns. You can also contact me with any questions you may have. Please click on the book you want below.