Jim Flaherty, concerned that Canadians are incurring too much debt and in an attempt to cool down a hot housing market in urban centres such as Toronto and Vancouver, has once again tweaked the mortgage rules for property buyers.
The new regulations, coming into effect on July 9, affect two things; mortgage amortization and home equity […]
The Federal Govt., worried that the average debt load of Canadian households is on the increase, has finally made a decision as to how this concern will be addressed.
Many were worried that further mortgage restrictions would cool a real estate market that is showing the first tentative indicators of recovery. However, the decision announced by […]