Canada’s housing agency announced it will tighten mortgage qualification rules for high-risk borrowers, a controversial move that could curb credit in an economy trying to emerge from its deepest contraction of the postwar era.
— Read on www.bloomberg.com/news/articles/2020-06-04/canada-housing-agency-to-tighten-lending-requirements-globe
Tag: Mortgage Rules
Ontario Real Estate Association calls on Ottawa for relaxed mortgage rules
TORONTO — The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.OREA chief executive Tim Hudak says in a letter to federal policy-makers that Ottawa should consider restoring 30-year insured mortgages,
— Read on ca.finance.yahoo.com/news/ontario-real-estate-association-calls-115949465.html