Please review and properly approach our countries overall financial position..we are already suffering in Alberta..
M
Martin Drapeau
9 years ago
I support this petition!
C
Cathy vachon
9 years ago
Les cartes de credit ca n inquiète personne?!
L
Lucie Marsden
9 years ago
These new rules are totally unfair as it has lined the pockets of the banks meanwhile robbing the consumer's right to shop for competitive rates & forcing them to pay higher bank interest rates for their biggest purchases of their lives.
A
Atish
9 years ago
Y
W
Wesley Hamilton
9 years ago
For Lowell Harding and Mike thiara
M
Marty Laframboise
9 years ago
Punishing Canadians and destroying completion within the marketplace is not the way to affect positive change
R
Ryan Boughen
9 years ago
The Government needs to maintain a regulatory environment that ensures competitiveness amongst lenders, consumer choice, while taking reasonable measures to manage housing market risk - balanced with a healthy and active housing market. The impact of the insured mortgage rules, particularly those that are scheduled for November 30th, are counter to these key elements and need to be re-visited under a consultative manner.
L
Lesley Saxby
9 years ago
This is the liberals way of reducing competition in the market place for big banks. I fully support this petition. Why is all of Canada going to pay for Toronto and Vancouver?
A
Anonymous
9 years ago
I truly believe this will have a negative impact on the consumers looking for choice. Leveraging the big banks
R
Robb Flannery
9 years ago
Competition equals healthy economy! I fully support this petition.
V
Victor Anasimiv
9 years ago
Featured
Keep bulk insurance for refinances.
maybe lower the max refi limit to $750k or $650k on an insured refi.
Same for rental purchases. It is not good competition if there are only 6 main lenders for rental purchases and for all refinances!
C
Carolyn Munro
9 years ago
it is extremely important that the mortgages required to purchase Canadian homes not become the exclusive domain of 6 Canadian banks, this change would be neither wise nor healthy in the long term. All of Canada should not be punished for Vancouver and Toronto housing markets
J
Jen Lowe
9 years ago
Banks have too much power and profit already why give them more
D
Dean Brideau
9 years ago
I support this petition
M
Mark Benkovic
9 years ago
It is unfortunate whenever government policy makers impose changes with no factual backing. It reminds me of what my University of Waterloo Economics Professor and former Statistics Canada Economist told me back in 1984 --- that interference from government policies merely make good times better than they should have been, and make bad times much worse than they should have been!
M
Manjeet Multani
9 years ago
I totally support this petition, this new policy is biased towards people or investors who are loaded, this is going to kill genuine homebuyers who save up small amount to buy houses to live in.
L
Leslie Coutts
9 years ago
If you want to help Canadians with consumer debt, why not look at the Credit Card Companies, Home Depot 32%
R
Rowan Smith
9 years ago
These rule changes were too much, too fast, and with no industry consultation. The Law of Unintended Consequences was coined for situations just like this. The consequences will be far further reaching than the policy makers intended.
K
Katharyn Rouse
9 years ago
Serving the Canadian people or the interests of the Banking industry. Seems that all could work together to solve a problem if both sides were consulted. Who pays the ultimate price? Yes, the Canadians who have their money in the banks. The Cnanadians who pay for the salary of the government representatives who are supposed to be looking after our best interests. Non bank lenders have a valid place in the market.
Please review and properly approach our countries overall financial position..we are already suffering in Alberta..
I support this petition!
Les cartes de credit ca n inquiète personne?!
These new rules are totally unfair as it has lined the pockets of the banks meanwhile robbing the consumer's right to shop for competitive rates & forcing them to pay higher bank interest rates for their biggest purchases of their lives.
Y
For Lowell Harding and Mike thiara
Punishing Canadians and destroying completion within the marketplace is not the way to affect positive change
The Government needs to maintain a regulatory environment that ensures competitiveness amongst lenders, consumer choice, while taking reasonable measures to manage housing market risk - balanced with a healthy and active housing market. The impact of the insured mortgage rules, particularly those that are scheduled for November 30th, are counter to these key elements and need to be re-visited under a consultative manner.
This is the liberals way of reducing competition in the market place for big banks. I fully support this petition. Why is all of Canada going to pay for Toronto and Vancouver?
I truly believe this will have a negative impact on the consumers looking for choice. Leveraging the big banks
Competition equals healthy economy! I fully support this petition.
Keep bulk insurance for refinances. maybe lower the max refi limit to $750k or $650k on an insured refi. Same for rental purchases. It is not good competition if there are only 6 main lenders for rental purchases and for all refinances!
it is extremely important that the mortgages required to purchase Canadian homes not become the exclusive domain of 6 Canadian banks, this change would be neither wise nor healthy in the long term. All of Canada should not be punished for Vancouver and Toronto housing markets
Banks have too much power and profit already why give them more
I support this petition
It is unfortunate whenever government policy makers impose changes with no factual backing. It reminds me of what my University of Waterloo Economics Professor and former Statistics Canada Economist told me back in 1984 --- that interference from government policies merely make good times better than they should have been, and make bad times much worse than they should have been!
I totally support this petition, this new policy is biased towards people or investors who are loaded, this is going to kill genuine homebuyers who save up small amount to buy houses to live in.
If you want to help Canadians with consumer debt, why not look at the Credit Card Companies, Home Depot 32%
These rule changes were too much, too fast, and with no industry consultation. The Law of Unintended Consequences was coined for situations just like this. The consequences will be far further reaching than the policy makers intended.
Serving the Canadian people or the interests of the Banking industry. Seems that all could work together to solve a problem if both sides were consulted. Who pays the ultimate price? Yes, the Canadians who have their money in the banks. The Cnanadians who pay for the salary of the government representatives who are supposed to be looking after our best interests. Non bank lenders have a valid place in the market.