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• David 2018-06-20 2:37:58 PM Pure renewals are not affected by the B20 stress test, correct? That is, no borrower coming up for renewal will be denied renewal financing from their existing lender as a result of B20. Refinancing with an increase in amort or balance will have to underwritten, yes. But OSFI has been clear that pure renewals are not subject to the stress test. It could limit the ability to switch, yes, but it won't cause anybody to be orphaned. agreed?

• Mike 2018-06-19 8:46:43 PM It's not only affecting the housing market but retail is down 10.5% specially automotive sales. Hard to buy a new truck or car if the bank is telling me I can't afford my own house. It's dectatorship at it's finest. I don't even know why we must wait until the next federal election? People must stand up and demand change.

• Mike 2018-06-19 8:20:44 PM This is turning Canada into a 3th world contry. Let's all say goodbye to the North American dream. Now that government has control over our housing and the value of our investments. We are turning into a commumism. It's time for a conservative majority

• Paul Hudson 2018-06-19 2:20:11 PM Well stated! Due to the lack of refinance options available now, some clients who would have been "A-clients" two years ago, are paying 10-18% for second mortgages when applying in 2018 (plus fees in some cases), instead of being able to consolidate new debt into a first mortgage at about 3%, as has been done in the past (not all refinances are people irresponsibly ATMing their house to support an unsustainable lifestyle; sometimes it's due to divorce, starting a business, investment, renovation...). The federal government basically "got-it" half right when it implemented this legislation.

• putlockerfit 2018-06-19 1:18:15 AM Great article..