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Mortgage Broker News | 20 Jun 2016, 08:15 AM Agree 0
The proposed hike in minimum down payment requirements for government-insured mortgages will also hurt recovering markets outside Vancouver and Toronto, says an executive
  • Angela Fehlauer/TD Mortgage Specialist | 20 Jun 2016, 12:45 PM Agree 0
    I agree with the article. I feel by increasing the down payment will take the average family trying to help their first time home buyer children right out of the market. It will only open up the market for those with money who are already the ones driving this market.
    Please leave things alone, their have been enough lending policy tightening that already make it difficult for some people to get a mortgage.
    With these changes we might be selling ourselves and our land out to foreign investors who basically own Vancouver already.
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