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Mortgage Broker News | 10 Jul 2015, 09:08 AM Agree 0
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
  • Blair Anderson | 10 Jul 2015, 11:34 AM Agree 0
    This $30,000 investor cap sounds like a death knell for MICs out east. It looks like MICs rely more on the bigger institutional investor vs the smaller retail investor. For example, if you look at the following Romspen OM (http://www.romspen.com/Document/RMIF%20Offering%20Memorandum%20-%20July%201%202013.pdf), clearly the average retail investor cannot meet a minimum investment of $150,000. For the sake of everyone involved, I hope more than just the fledgling CMBA is bringing pressure to bear on NSSC.

    Kudos to CMBA for doing their part.
  • Tom Jenks | 10 Jul 2015, 01:49 PM Agree 0
    Well done CMBA! Way to be alive to the issues.
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