The Mortgage Minute - Changes to Mortgage Rules

http://www.peterkinch.com Jan. 18, 2011 The new Mortgage Rules explained. How will they impact you? Watch for the February market to heat up prior to rules taking effect in March.

Category:

Education

Tags:

• New Mortgage rules
• the mortgage minute
• the Canadian mortgage minute
• the Bank of Canada
• interest rates
• Canadian interest rates
• Jim Flaherty
• Mark Carney
• real estate market
• Vanouver mortgage broker
• Port Moody mortgage broker
• mortgage rules
• Canadian mortgage trends

[PeterKinch]

Thank you for your comments everyone! Feel free to email me or call me with any questions you may have.

[16hypen3sp]

@mightymoose21 im not sure of your age, but im a young person trying to get into this ridiculous market for the first time and its hard as hell.... older people have no idea as to what im faced with. these rules basically squeeze me out and the government doesnt understand how screwed my generation is. good luck trying to find people to buy homes after March 18th. I bet current landlords laugh themselves to sleep everynight cuz they are in the best position of anyone. ill be renting forever now

[mightymoose21]

Okay, if home prices are going to go up as ppl would want to lock in their mortgage rates prior to March 1st, causing an upswing in the housing market... its this what we call a housing bubble ready to pop?

[16hypen3sp]

first point... 100 dollars per month extra is 100 dollars that could have went towards food, electricity, heat, water.

second point... the real estate market is out of control and the cost of buying a home is just way to high. plain and simple.