Winners and losers from Ottawa’s new mortgage rules

Saturday Oct 8th, 2016


By Greg Bonnell      Millennials crying foul over sky-high home prices in the big city are being dealt another blow – within two weeks it will be a lot harder to get a mortgage. The first-time homebuyer is a key casualty of Ottawa’s latest attempt to take some risk out of the country’s housing markets, but those young Canadians aren’t alone. Non-bank lenders will see an important source of funding dry up as a result of further tightening by... [read more]