Mortgage News
First-time home buyers undeterred by mortgage rules, rates
About two-thirds of first-time buyers say they’ll purchase a home as planned and are unaffected by new mortgage rules brought in by Ottawa a year ago, says a new survey.
Published
On the one year anniversary of the implementation of mortgage regulations that had many predicting a housing crash, we find that many Canadians are either completely undeterred by the changes, or have simply postponed their plans for a short period.
According to a recent Pollara survey, 66% of first-time buyers say the mortgage regulations implemented one year ago will not affect their plans to purchase a home.