Blog by Tad Lake

<< back to article list

More Mortgage Rules Changes

As a rule, I don't think that this is a biggy for Kootenay buyers (I can't remember the last time I had a buyer go for a 35 year amortization). More relevant to markets with a much higher entry level price (i.e Vancouver at $765K). I do take it as positive that the government is actively tracking consumer debt levels though. Maybe it's time for a no-lose lottery? Hmmn.

CTV's thin coverage here