The Canadian federal government announced yesterday that it will be tougher for some Canadians to obtain a mortgage in Canada and borrowing money against their home will be tighter too. Clearly, the government is concerned with the high debt levels that Canadians are amassing and these tighter rules are aimed at limiting that. It is [...]
Earlier this week, Finance Minister Jim Flaherty announced that the Canadian government will tighten the mortgage rules and make the criteria a little harder for Canadians to meet. The purpose for this is to avoid a housing bubble that crippled the US at the start of this recession. Flaherty actually mentioned those who purchase multiple [...]
Did you ever think you would see an article that has ‘housing crisis’ in the title but is actually based on good news? Well, if you did, then you were right because this article is all about good news. I recently read an interesting report in the LA Times (click here to read it) about how home owners in [...]
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