Flaherty: No new changes to mortgage rules ahead

Real estate boards across the country this month have reported significantly slower sales, and Flaherty acknowledged to reporters in Toronto yesterday that there’d been “some softening” in the Canadian real estate market, according to the Financial Post.

But he said there was no need to make further changes to the mortgage rules after they were tightened earlier this year.

Flaherty has already intervened three times with tougher mortgage rules in the past few years.

He made the remarks following Bloomberg’s Canada Economic Summit.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?