Posts Tagged ‘Mortgages’

Motherhood from Government

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

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.

No Comments »

WP Login