Slowest lending growth in 25 years reveals the true impact of the mortgage stress test
Posted on Jul 17, 2019
This slowdown even more severe than the housing market slump sparked by the Great Recession in 2008
Mortgage brokers and lenders have argued that the tightening of mortgage regulations in January 2018 adversely impacted the growth of mortgage lending in Canada.
A report released Tuesday by the Canada Mortgage and Housing Corporation confirmed this as...
The truth about Ottawa’s First Time Home Buyer Incentive (and you’re probably not going to like it)
Posted on Jul 15, 2019
The PBO describes Ottawa's new incentive as 'providing financial support to first-time home buyers to reduce the size of their insured mortgages, thereby reducing [the buyer’s] monthly mortgage payment.'
JONATHAN HAYWARD
If you’re a fledgling home buyer you’ve probably caught wind of Ottawa’s “free” money giveaway, the First Time Home Buyer Incentive...