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Mortgage changes could heat up home market as buyers rush to beat deadline
Date Published: Feb 16, 2010
Author: Julian Beltrame, The Canadian Press
Article Category: Real Estate Articles

Mortgage changes could heat up home market as buyers rush to beat deadline

Julian Beltrame, THE CANADIAN PRESS Feb 16, 2010

OTTAWA - Canada's red hot housing market may get a little hotter following Tuesday's announcement by the federal government that new mortgage rule changes are coming to discourage cash-light buyers and speculators.

Market analysts say Canadians who were just managing to qualify for government-insured mortgages may rush into the market before stricter rules take effect April 19.

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http://www.news1130.com/news/national/article/27323--mortgage-changes-could-heat-up-home-market-as-buyers-rush-to-beat-deadline

 



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