BoC official warns against gaming mortgage rules to make housing affordable Debt Guru

BoC official warns against gaming mortgage rules to make housing affordable

 Debt Guru

By Nojoud Al Mallées Carolyn Rogers gave a speech Wednesday on the mortgage market to the Economic Club of Canada in Toronto. “We must resist the temptation to try to solve the housing affordability problem by tinkering too much with the mortgage market,” Rogers said in his prepared speech. The central bank official says improving … Read more

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO Debt Guru

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO

 Debt Guru

Van den Berg made the comments during her testimony before the Standing Committee on Finance on Thursday, where she welcomed recent government actions including extending amortization periods for first-time home buyers and increasing the insured mortgage limit of $1.5 million. “We commend the government for implementing these changes, but there still remain critical areas that … Read more

New Brunswick Election: Greens and Liberals Commit to Housing Affordability Debt Guru

New Brunswick Election: Greens and Liberals Commit to Housing Affordability

 Debt Guru

The Liberals and Greens have announced plans to make housing more affordable if they are elected to govern on Monday. In Fredericton, Green Party Leader David Coon said his party would reform the property tax system to ensure residents are not hit with significant property tax or rent increases. Coon said property assessments in New … Read more