CHUCK NGUYEN | 403-805-5386

 
Back to Blog

The federal government is considering more mortgage rules, but there’s still time to push back.

 

The proposal would require lower-risk borrowers to be approved at two per cent above the rate offered to them by their lender. For example, if the contract rate offered is three per cent, lower-risk borrowers would have to qualify at five per cent. 

 

This measure could shut many consumers out of the market, drive them into less suitable housing or entice them to visit sub-prime lenders that are not federally regulated. 

 

I am joining all Canadian Realtors, with Canadian Real Estate Association, to stop this from becoming law. 

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above:
CHUCK NGUYEN
Cell:403-805-5386
Fax:403-475-8005
Urban Real Estate Services
Unit A, 820 - 26th Street NE
Calgary, AB
T2A 2M4
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.