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Mortgage Broker News | 19 Oct 2017, 08:15 AM Agree 0
Housing market might also get "significantly dampened", according to observers
  • | 19 Oct 2017, 01:16 PM Agree 0
    i wonder what now happens to the people who have been qualified to purchase homes and condos currently under construction with non refundable deposits or where private mortgages have been utilized for home construction because the banks won't approve the construction but will take over the mortgage when the house is completed?

    these people will be out on the streets and lose considerable deposit and or be sued to complete on the purchase. Have these decision makers even taken any of this into consideration? there is going to be plenty of repercussions due to this short minded decision while OFSI and the Trudeau administration sit in their comfy confines.
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