Jun 24, 2016, 13:24 PM by Mortgage Professionals Canada

Our request to the Financial Sector Policy Branch to discuss potential strategies and their impact around mortgage eligibility.

With housing affordability and availability in Vancouver receiving increased attention in the media, Mortgage Professionals Canada has been concerned that government is considering making changes to mortgage eligibility. While we understand that cooling the escalating prices in Vancouver and Toronto is a need and desire of local residents, applying national strategies as a result of two regional markets could lead to unintended consequences.The Canadian economy is not uniform, and many regions in Canada are struggling to find economic growth and seeing prices stagnating or falling. We made a request to the Financial Sector Policy Branch to discuss potential strategies and their impact. The meeting is scheduled for August 8.