Friday Mortgage Round Up: Friday July 6th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: Friday July 6th, 2012

It’s been two weeks since the big mortgage rule changes – and mortgage brokers and other industry insiders are speaking their minds. The general consensus is while current measures put in place to cool the market are necessary – implementing them as a permanent solution may do more harm than good. And, while insured mortgages are the ones feeling the pinch, worries are that changes to conventional business may not be too far off. Continue reading »

The Aftermath of the New Mortgage Rules
Mortgage News / Mortgages

The Aftermath of the New Mortgage Rules

In January of this year, Jim Flaherty, Canada’s minister of finance, announced that new mortgage and HELOC restrictions were to come into effect in March, 2011. The purpose of the new restrictions was to help curb consumer debt, which was said to be rising at an alarming rate. So have Flaherty’s restrictions brought the stability he sought, or are consumers only sinking deeper into debt? Continue reading »

Why the New Mortgage Rule Changes Won’t Have a Huge Impact
Mortgage News / Mortgages

Why the New Mortgage Rule Changes Won’t Have a Huge Impact

Yesterday was a very busy day as the Finance Minister finally showed his hand and outlined what mortgage regulation changes he is implementing in his efforts to try and cool down the housing market, after months of speculation. However, it seems that these changes won’t have a huge impact on the mortgage market. Flaherty and … Continue reading »

Finance Minister to Announce Mortgage Rule Changes This Morning
Mortgage News / Mortgages

Finance Minister to Announce Mortgage Rule Changes This Morning

Finance Minister, Jim Flaherty, has announced he’s having a press conference this morning @ 8am. And there were rumours flying around yesterday that he would announce some changes to the mortgage regulations to try and cool down the housing sector. Although its believed he won’t look at changing the amortization period or down payment rules … Continue reading »