Mortgage Rule Change Could Affect Number of People Buying Houses in Calgary
The changes in mortgage rules announced by the federal Finance Minister Jim Flaherty may result in a slight drop in the real estate activity this year.
Read moreChanges in Mortgage Rules – Will they Encourage People to Save Rather than Borrow to Buy a House?
The federal Finance Minister has announced some changes in mortgage rules. These changes have been made as precautionary measures for preventing a housing bubble and curbing the rising household debt.
Read moreDealing with Mortgage Lending Problems in a Low Interest Climate
The risks of over extending credit and over valued assets can be tackled smartly and in a less draconian way.
Read more2010 Calgary Housing Market: Active in First Half, Flat in Second
The Calgary housing market saw some momentum in the first part of 2010 while the second part of the year remained flat.
Read moreTightening Mortgage Lending Will Slow Down Economy: Credit Union Chief
In a view contrary to that of economists and major Canadian banks, Central 1 Credit Union’s chief economist Helmut Pastrick says that he does not anticipate a housing price bubble and believes that tightening mortgage lending criteria will slow down the housing market and in turn, the economy.
Read moreCanadians Have Ratcheted Up More Debt Than Americans
Canadians’ household debt has surpassed American levels, with the government looking at ways to cool off the housing market.
Read moreFinance Minister Concerned About Mortgage Debt
Finance Minister Jim Flaherty expressed his concerns about the impact of a future rise in rates on home buyers’ ability to repay debt.
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