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Mortgage Broker News | 23 Mar 2017, 08:15 AM Agree 0
Is the often cited, rarely critiqued, ‘debt-to-income’ the out-of-control monster the government leads us to believe?
  • CMBA Atlantic | 23 Mar 2017, 09:29 AM Agree 0
    I tried to make exactly this point in Ottawa last month at the FINA committee hearings and the liberal MP who asked the question " where we concerned about the debt levels of Canadians" did not even want to hear the answer to question , in fact he rudely cut me off once he realized I was prepared to answer just that question. I have been saying for 5 years this metric is meaningless and is simply a scare tactic first used by our now deceased former finance minister.

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