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Mortgage Broker News | 02 Nov 2015, 10:38 AM Agree 0
The biggest of the big banks has just made it easier for foreigners to further bolster the housing market
  • Kevin R | 02 Nov 2015, 11:21 AM Agree 0
    Friggin typical! Not that I am upset they are doing this but when I look at the hammer Canadians are taking & all the efforts to tighten Canadians ability to get a mortgage, lets turn around & make it easier for foreigners. Yup. typical.
  • Steve | 02 Nov 2015, 11:44 AM Agree 0
    The bank will still cap the loan at 65% ltv. They are just realizing that the risk of default is slim and the collaterol is good at 65%. I dont see 80% ltv mortgages to foreigners coming anytime soon
  • Ad Lakhanpal,Mortgage Broker | 02 Nov 2015, 12:52 PM Agree 0
    Ref. Comment by Kevin R.
    Instead of an emotional outburst, it would be helpful if Kevin can quote any case where a Canadian was declined a mortgage and a foreigner was accepted, when both of them had comparable amounts of down payment and other qualification criteria. I hope we are equal opportunity brokers instead of being politicians or crusaders.
  • John Martin | 02 Nov 2015, 01:35 PM Agree 0
    The best remark made above was. It's unclear how much foreign money has influenced the housing market in Canada. Who comes up with all this rubbish time in and time out. Further more it's not really foreign money. Large majority of it comes from here in the first place. The Americans also are printing eighty billion a month plus which ends up primarily through one way or another over there also. Got to love it. It's only a matter of time before they own every thing of any value here. If we only knew the slightest bit of everything that's going on behind the scenes. One would be truly amazed not to mention sickened. Go with the flow as the great saying says. If you can't beat them, join them. Guess RBC finally figured that one out. Lol!
  • Carsten | 02 Nov 2015, 03:26 PM Agree 0
    Try to get financing in the USA as a foreinger
  • Derek austin | 02 Nov 2015, 07:57 PM Agree 0
    Crazy , why do they allow to get a mortgage , this will allow the market to skyrocket even more . China reduced the amount foreigners we're able to mortgage when the markets we're getting over valuated for the Chinese citizen . Our greed just over rides common cents .

  • $oney | 03 Nov 2015, 03:54 PM Agree 0
    "Immigrants" or foreign nationals who are speculating on a hot housing market?
  • Darr Robbins | 09 Nov 2015, 08:37 AM Agree 0
    That's outrageous. If the market turns sour, Canadians will be left holding the empty bag while foreigners will bugger-off.
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