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Mortgage Broker News | 25 May 2015, 09:09 AM Agree 0
Brokers can officially breathe a sigh of relief regarding mortgage rule tightening, according to the Finance Minister. At least for now.
  • welbanks | 25 May 2015, 09:46 AM Agree 0
    But does this include tightening with CMHC as well? There was recent chatter that 100% financing was going to disappear as early as next month?
  • Omer Quenneville | 25 May 2015, 11:02 AM Agree 0
    CMHC was originally designed to help those that need help into the market most. Now it is used to keep those that need it most out.
  • Doug King | 25 May 2015, 12:23 PM Agree 0
    CMHC is really, at least now, with it's Billion plus dollar surplus, simply another tax levied by the government.
  • Jesse D | 25 May 2015, 09:06 PM Agree 0
    CMHC is a waste of space now. They are only here to 'help' if that's what we want to call it, the people that really don't need help as Omer stated or for the banks/lenders to back insure because they do not want to take any risk. I believe before Flaherty's big hit in 2012 he stated no more changes and bam, the big whopper was upon us. Perhaps the government should focus more on credit card debt than mortgage or building a respectable army, something...
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