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Mortgage Broker News | 13 Oct 2016, 03:04 PM Agree 0
There has been no shortage of opinion following the recently announced mortgage rule changes, and the country’s largest network has now weighed in
  • Rick (Mortgage Mentor) Robertson | 13 Oct 2016, 03:20 PM Agree 0
    PIERRE Trudeau had a practice of presenting various policies and if there was enough public push-back it was dropped. If there was little or no reaction he moved forward with it.

    Let's see if it's "like father - like son" ?
  • John Greenlee | 13 Oct 2016, 03:25 PM Agree 0
    I agree with Gary here.

    Brokers/Agents just became more important with these rule changes. Our advice and ability to place mortgages with the proper lender will be of even greater importance moving forward.
  • JSydneyH | 13 Oct 2016, 04:12 PM Agree 0
    Provided of course, the lenders have the funds to lend .... Much work needs to be done on the securitization to maintain and/or improve access to funds for the mono-line lenders.
  • Mike | 13 Oct 2016, 04:28 PM Agree 0
    I don't think any level of government even know we exist. We own and operate a significant independent brokerage in our city on a main artery and the only government officials that have ever stopped in or called us were bylaw enforcement officers and CRA Auditors. We pay alot in municipal, provincial and federal taxes, you would think it would warrant a goodwill visit once in a blue moon by someone in government.
  • DLC Canuck Mortgage Group | 13 Oct 2016, 07:35 PM Agree 0
    This a great piece that the DLC Team put together quickly. It clearly spells out the changes.
  • Rupinder | 13 Oct 2016, 09:19 PM Agree 0
    These changes will have lot of effect on the economy too from construction to all others businesses as people will have less disposable income to spend on cars, food etc
    So govt will back out
  • Michael | 17 Oct 2016, 05:11 AM Agree 0
    The government is grasping at straws and does not have any idea about what to do or how to do. Justin Trudeau (including all members of his government) just do not have the experience to deal with today's world, he is way too enchanted. Best bet for Justin Trudeau, is to check himself and realize that he is not Batman running around saving the world, he is Prime Minster of Canada. Racing out (and around) the running gate at one hundred miles per hour is stupid and counterproductive. Really, the only reform Justin Treadua and his government have managed to accomplish is lie over legalizing marijuana, create deceitful tax reform, allow risky immigration, pay for risky immigration, announce deceitful budgets, heavily tax foreigners (who invested in our country), and implement reactive economic reform. Everything about him is poorly executed and too reactive to be effective or sustainable. Effective policy is well thought out and is implemented with precision. In the end, the new rules will count for nothing because we are dealing with market forces that the government cannot seem too balance, accordingly. The Canadian economy has absorbed every possible shock that 2016 has to offer and is only showing resilience. The net effect of these rule changes is business as usual in less time than many think, provided there is not more knee jerk rule changes.
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