Motherhood from Government

The Canadian Parliament is seeking to take action to restrict leverage from real estate sources via mortgage controls.

http://www.cbc.ca/money/story/2010/02/15/flaherty-mortgage-rules.html

While this will directly impact the ‘big 5’ in Canada, which control most of the home buying marketplace, I do not see this as having any effect on the private marketplace.

The ‘hints’ at limiting the long term structure for mortgages will served to put either a chill on further real-estate speculation ~ or drive it into a frenzy to get contracts completed before the new rules come into effect.

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