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Mortgage Broker News | 16 Feb 2016, 11:58 AM Agree 0
The Canadian Real Estate Association says sales of existing homes rose by eight per cent last month compared to a year ago, while the national average home price soared 17 per cent
  • Amy Kinvig | 16 Feb 2016, 01:04 PM Agree 0
    I think they are dead wrong on this actually working to slow things down. The foreign buyers 99% of the time are all cash offers. Which is the reason for the increase in values, in the first place, they need to restrict foreign buyers in some way, like they have to live in Canada 6 months of the year and contribute to our economy. Maybe this would hinder some of their all cash purchases.
    This new law change just drains more of the hard working Canadians savings account and retirement funds to put more money down to own a home. This will not slow the market down whatsoever.
    Amy Kinvig
    Mortgage Broker with Dominion Lending Centres Canadian mortgage Experts.
  • Cret | 22 Feb 2016, 12:32 AM Agree 0
    there needs to be a revolution before us hardworking canadians get pushed right out of home and jobs!
    It is absolutely embarrassing what our government has done to us all....
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