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Mortgage Broker News | 04 Dec 2018, 12:26 AM Agree 0
Tighter rules have already played their part in cooling the market down
  • Victor Simone | 04 Dec 2018, 01:13 PM Agree 0
    I'm glad this story was picked up in the forum here.

    Not only are builders have difficulty selling real estate, but regular Canadians have been having an unfair time trying to live their lives since the B20 rules. This is not good, folks.

    Perhaps a new federal government can figure out this mess and restore the previously prudent lending practices prior to the B20 ?

    Moreover, another year of maturing mortgages requiring a consolidations or a new purchase will bring more borrowers to market and be subjected to B20. At some point the Feds and powers that be will be pressured to ease off the brake. More Canadians are looking for new money only to be frustrated with this B20.

    Many new borrowers or folks needing to borrow again, are starting to make noise, and it's about time.
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