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Tightening Up on Mortgage Lending

The Minister of Finance Jim Flaherty has today issed a statement on the requirements for mortgage qualification. The Globe and Mail has an excellent analysis and in case you don’t have a copy, you can read it here.

http://www.theglobeandmail.com/report-on-business/economy/jim-flaherty-tightens-mortgage-rules/article1469432/

and another analysis at the following address is worth reading.

http://www.bloomberg.com/apps/news?pid=20601082&sid=afL8UpUanWQU