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Are New Mortgage Rules A Non-Event?

Are New Mortgage Rules A Non-Event?
 
OSFI (The Office of Superintendent for Financial Institutions) finally came out with their B-21 lending rules. Twenty one more recommendations made for banks and federally related lenders to follow. But has a lot changed? Not really. They also came out with B-20 rules back in 2012 which did make some big changes and made mortgages harder to get. 
 
Below is a recent article by Canadian Mortgage Trends which states their opinion on the above as well as some of the changes that were made. If interested click here:
 
 
And, always, if you have any home financing related question please give me a call.
 
Sincerely,
 
Tony
 
Tony Marchigiano1-155 Water Street
Mortgage BrokerVancouver, BC
 
cell: 604 505 7109
fax: 604 909 4666

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