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Mortgage Broker News | 12 Oct 2016, 08:15 AM Agree 0
Financial institutions warn that new regulatory changes will lead to higher mortgage rates and more activity involving unregulated lenders
  • Tomas | 12 Oct 2016, 09:22 AM Agree 0
    Uh...I think this what the gov't intended?
  • LanceH | 12 Oct 2016, 09:45 AM Agree 0
    Another "unintended consequence" is the one that will happen when the Stress Test gets withdrawn later, by Morneau or the next Gov.
    All those thousands of ppl that were sidelined by the test will flood the market and create a situation similar or worse than we have now with lack of product.
  • LanceH | 12 Oct 2016, 09:51 AM Agree 0
    I think it's a little insane to write a country-wide policy in an attempt to deal with ONE district (Toronto). Not to mention, there are a number of things contributing to the problem that are in the domain of the Provincial or Municipal gov's. This is so typical of the Lefty politicians trying too hard to micro-manage everything. They still haven't learned that every solution comes with it's own unique set of problems, which they'll then try to "correct" with even MORE legislation, rather than backing off, or simply not doing it in the first place! And for a Gov that said it was going to be more consultative, they clearly haven't, or they never would've done this, as we see the entire industry come out against his policies that "sound good" but will wreak havoc. But that Socialism isn't it? It "sounds good". Maybe Morneau should read The Wealth of Nations and The Road to Serfdom!
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