You must have Adobe Flash installed

Blog by Brent Bezugley

New Mortgage Rules Could Price Some Out of the Market

January 17th, 2011
Paul Vieira, Financial Post - Monday January 17, 2011

OTTAWA - Tougher mortgage lending rules, as unveiled by Finance Minister Jim Flaherty on Monday, could add an estimated $100 a month in carrying costs for future homeowners - pricing some people out of the real estate market - and affect roughly 20,000 home sales in 2011, analysts say.

Those rough estimates emerged after the government annou ...