Contact Us Today
(604) 866-5585for more information

Finance Minister tries to calm “HOT” housing market

For the fifth time in five years, Federal Finance Minister Jim Flaherty announced additional rules for Mortgage Lenders, designed to calm what he sees as a “hot” housing market. This round, the government is, in effect, implementing a cap on the amount of loan guarantees the CMHC provides to Lenders.

Market effects? Short-term, there will likely be upward pressure on interest rates by 20 to 60 basis points, despite the Bank of Canada’s signal of interest rate stability.

Quick Property Search

Search

FREE Home Evaluation

Please fill out the form below in full. We will be in touch regarding your free home evaluation

 





Type of property:


HomeTownhomeCondoLand


Condition:






captcha


×
Foreclosures

To receive an updated list as new foreclosures are listed (before they even go live to the public) just fill out the form below.

 

 






×