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Gross Debt Service Ration (GDS)

Amount that a lender will permit a borrower to use from his gross income in order to qualify for a loan for housing costs, including mortgage payment and taxes. The Total Debt Services Ratio (TDS) is the maximum percentage of a borrower's income that a lender will consider for all debt repayment, such as other loans or credit card debt, including a mortgage. Source: Vancouver Island Real Estate Board.

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Canadian Real Estate

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