THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Tuesday, February 16, 2010

Ottawa set to announce changes to mortgage rules!

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(Reuters) - Canada will announce changes to mortgage rules to ensure Canadians do not take on too much debt, a government source said.

Finance Minister Jim Flaherty will announce that he is imposing new rules that will dictate how banks approve mortgages, and that certain borrowers will have to come up with larger down payments, the Globe and Mail paper said, citing an unidentified source.

Source: Reuters Canada Tue Feb 16, 2010 12:38am EST
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