Re: Socialist Canadian Housing Market Surges Safely Ahead
Thanks - I think I'll take that as a compliment
I have read some of Aetius' articles before, and I'm impressed with his knowledge and style - but I still disagree with his assertion that we have stricter mortgage rules in Canada. I think we're just better at hiding the issues and kidding ourselves.
Apparently - I'm not the only one who feels this way ...
We're blowing bubbles too ...
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Originally posted by GRG55
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I have read some of Aetius' articles before, and I'm impressed with his knowledge and style - but I still disagree with his assertion that we have stricter mortgage rules in Canada. I think we're just better at hiding the issues and kidding ourselves.
Apparently - I'm not the only one who feels this way ...
Ottawa weighs stricter mortgage rules
Ottawa is considering new rules that would force banks to use tougher criteria to evaluate mortgage borrowers, a move to ensure that consumers aren't taking on more debt than they can handle when they buy ahome .
The key proposal under discussion would see the creation of new conditions the banks would have to follow when determining whether a customer can afford a mortgage, according to sources. Those rules would require banks to consider whether a person who takes out a variable-rate mortgage on a home can continue to make the payments if interestrates were to go up significantly.
...
Ottawa is considering new rules that would force banks to use tougher criteria to evaluate mortgage borrowers, a move to ensure that consumers aren't taking on more debt than they can handle when they buy a
The key proposal under discussion would see the creation of new conditions the banks would have to follow when determining whether a customer can afford a mortgage, according to sources. Those rules would require banks to consider whether a person who takes out a variable-rate mortgage on a home can continue to make the payments if interest
...
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