Regina Homes & Condos For Sale|Regina Real Estate 

New mortgage rules pushing 1st-time homebuyers to wait.

Taken from the CBC.ca

 

A year after Finance Minister Jim Flaherty tightened mortgage rules to not allow insured mortgages with amortization terms of more than 25 years, many prospective buyers say they are waiting longer to buy their first home.

 

 

About 19 per cent said they would wait longer to buy, a survey by Pollara for BMO Bank of Montreal showed.

In June 2012, Flaherty laid out rules aimed at reining in a hot housing market and ensuring Canadians aren't taking on more debt than they can afford. The rules went into effect July 9, 2012.

 

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Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
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