New criteria should prompt buyers to lower their expectations
Industry experts say new rules governing mortgages might ease the overheated Ottawa market a bit but won't hinder most people from buying a home.
The measures, announced by Finance Minister Jim Flaherty on Tuesday and set to take effect April 19, aim to prevent Canadians from getting themselves into too much real-estate debt.
Source: Ottawa Citizen
By Louisa Taylor, with files from David Akin, Canwest News Service, The Ottawa CitizenFebruary 17, 2010
Click here to read more about the proposed changes...
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