Article courtesy of MCAP. As housing market data begins to show that prices may be trending a little lower – or at least flat – in some areas in Canada, the debate about the relative benefits or detriments of this new reality has begun in earnest. With new mortgage rules also in place for almost… Continue reading Softening House Prices: Silver Linings or Dark Clouds
Tag: mortgage rules
A Review of “The New Mortgage Rules”
As you’ve probably heard, there were a plethora of changes directed at the mortgage industry last week by Finance Minster Jim Flaherty along with the OSFI (Office of the Superintendent of the Financial Institutions of Canada). This is the 4th time since the credit crisis in 2007 that the Department of Finance has clamped down… Continue reading A Review of “The New Mortgage Rules”