1. With our central banker, lowering rates – even planning to go negative – in order to stimulate exports it makes it easier to afford larger and larger mortgages.
As a result CMHC will be ordered to tighten rules more and more for investors.
It is already dramatically more difficult to get approved for an investment mortgage – rental income are less and less counted and if you do not have other employment income you likely will be refused.
- Banks will focus more and more on home owners – giving them more and more money
- Banks will get tighter and tighter for investment type mortgages
- ANYONE THAT HAS A INVESTMENT MORTGAGE […]