New Rules for Mortage Financing in Canada Announced Today In a Precautionary Move


Finance Minister Flaherty tweeks Canadian lending terms in part of a sustained effort to avert significant homeowner debt loads, speculation and the dire effects of supporting easy financing terms and the creation of a real estate bubble in the Canadian housing market.  Read details from The Globe and Mail:

http://www.theglobeandmail.com/report-on-business/economy/jim-flaherty-moves-against-housing-speculators/article1469432/

 

Personally, I think efforts to promote a stable market for home owners and investors  in real estate, and in the banking sector, is very welcome!