Real estate blog entries tagged with canada mortgage by VERICO Designer Mortgages Inc.

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Home : Blogs : Gina Burgio : Gina Burgio, Mortgage Agent : Tag "canada mortgage"

canada mortgage: Will the tighter mortgage rules lead to excessive cheating? - 03/31/10 11:05 PM

In response to the recent Financial Post article (link below), do you feel like the tighter mortgage rules will show a great deal more cheating?
I'm torn because I know that a 20% downpayment from an investor is difficult, though not "impossible" as this article states, to find for some investors. But I have to wonder if it is not exactly what we need to protect the market from people who really shouldn't be investing in some cases. Speaking from personal experience, it takes a good deal of credit and/or liquid assets to manage a property properly and not be hanging … (2 comments)

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Gina Burgio

Ancaster, ON

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