we need to go back in time take away many of the new regulations to help people imagine the the home ownership dream
C
Chase Tompkins
9 years ago
give us choice!
H
Heather Contant
9 years ago
Please listen to how your new rules are affecting so many hard working Canadians. You are wiping out competition and putting homeowners in a worse position paying higher interest rates that are not necessary except to make the banks more money!
K
Karen Petley
9 years ago
lets focus on real problems like Canadian's snowballing debt problem... most Canadians have way to much debt and can so easily obtain more with little approval qualifications... and at rates upwards of 18%. Lets control the debt! not make it harder for your average Canadian to afford a home!
T
Tracey Brock
9 years ago
To dictate without consultation, is not why I vote. Announcing a decision that will affect the majority of Canadians and then taking a week off for 'Thanksgiving', is not why I vote. Basically the government is communicating to me that they make decisions in the Parliament Hill Bubble and that is definitely not why I vote. I don't remember being asked, as a Canadian, if I was concerned with overall household debt. Competition is essential in all industry and a handful of people who are really only elected for a term, should go forward blindly.
S
Sunil Khinvasara
9 years ago
Are these rules designed to keep first-time homebuyers from ever purchasing their first home?
S
Sharon Loaring
9 years ago
We need to keep a competitive mortgage market and look at regulating unsecured credit to protect Canadians.
A
Andrew Fedorenko
9 years ago
Less competition = higher price consumer will pay.
M
Matthew S Hines
9 years ago
This will only do more harm than good.
M
Michael Ferreira
9 years ago
These new regulations will impact the very buyers who are most adversely affected by rising home prices. Ridiculous!
B
Betty Talbot
9 years ago
These changes are another blow to the middle/lower income households. Instead of restricting mortgage re-finances the government should be making financial institutions more responsible for the unsecured credit they provide to naive consumers.
M
Michelle Kelly
9 years ago
If the big banks get to knock the competition out of the game we will all end up paying the price,- competition keeps things fair. We need to unite as an industry and have our voices heard
M
marnie calvert
9 years ago
Stop the insanity
R
Renee Stribbell
9 years ago
I have been in the financial industry since 1997 and have seen many changes to how we lend money. This new policy does something that the other changes did not. It reduces the consumers choice, and when you reduce choice, prices go up. Hurting the non bank lenders hurts all Canadians.
S
stephen codsi
9 years ago
the recent changes negatively effect many lenders, and potential borrowers
L
Lily Goode
9 years ago
A whole industry affected with no consultation as to the consequences for that industry, never mind the general public.
W
Wayne Mah
9 years ago
A change or addition needs to be made so that the big banks have an unnecessary competitive edge. Competition drives better deals for the average consumer. Do we really want to go back to no pre-payment options like it was decades ago?
E
Eddy Cocciollo
9 years ago
Be a responsible government and take a deeper look at the changes you purpose and the unintended consequences that Canadians now need to deal with that will cause .more hurt.
A
Anonymous
9 years ago
70% of people walk into their bank to do their mortgage and 30% to various other avenues. These rule changes seem to affect the competitive options borrowers have thus increasing rates for all Canadians. By keeping a level playing field it ensures competitive nature can take its' course and the market can settle where it may without policy changes that won't do what they are intended.
J
Jim Pratt
9 years ago
As usual, the government has acted too late. The markets were already correcting in B.C. and to a lesser degree in Ontario. Rather than working with Ontario to help slow real estate values they have chosen to punish the entire country and in doing so, have targeted a specific group within the real estate industry: mortgage brokers and moonline lenders. A poorly thought out policy which lacked any industry consultation.
we need to go back in time take away many of the new regulations to help people imagine the the home ownership dream
give us choice!
Please listen to how your new rules are affecting so many hard working Canadians. You are wiping out competition and putting homeowners in a worse position paying higher interest rates that are not necessary except to make the banks more money!
lets focus on real problems like Canadian's snowballing debt problem... most Canadians have way to much debt and can so easily obtain more with little approval qualifications... and at rates upwards of 18%. Lets control the debt! not make it harder for your average Canadian to afford a home!
To dictate without consultation, is not why I vote. Announcing a decision that will affect the majority of Canadians and then taking a week off for 'Thanksgiving', is not why I vote. Basically the government is communicating to me that they make decisions in the Parliament Hill Bubble and that is definitely not why I vote. I don't remember being asked, as a Canadian, if I was concerned with overall household debt. Competition is essential in all industry and a handful of people who are really only elected for a term, should go forward blindly.
Are these rules designed to keep first-time homebuyers from ever purchasing their first home?
We need to keep a competitive mortgage market and look at regulating unsecured credit to protect Canadians.
Less competition = higher price consumer will pay.
This will only do more harm than good.
These new regulations will impact the very buyers who are most adversely affected by rising home prices. Ridiculous!
These changes are another blow to the middle/lower income households. Instead of restricting mortgage re-finances the government should be making financial institutions more responsible for the unsecured credit they provide to naive consumers.
If the big banks get to knock the competition out of the game we will all end up paying the price,- competition keeps things fair. We need to unite as an industry and have our voices heard
Stop the insanity
I have been in the financial industry since 1997 and have seen many changes to how we lend money. This new policy does something that the other changes did not. It reduces the consumers choice, and when you reduce choice, prices go up. Hurting the non bank lenders hurts all Canadians.
the recent changes negatively effect many lenders, and potential borrowers
A whole industry affected with no consultation as to the consequences for that industry, never mind the general public.
A change or addition needs to be made so that the big banks have an unnecessary competitive edge. Competition drives better deals for the average consumer. Do we really want to go back to no pre-payment options like it was decades ago?
Be a responsible government and take a deeper look at the changes you purpose and the unintended consequences that Canadians now need to deal with that will cause .more hurt.
70% of people walk into their bank to do their mortgage and 30% to various other avenues. These rule changes seem to affect the competitive options borrowers have thus increasing rates for all Canadians. By keeping a level playing field it ensures competitive nature can take its' course and the market can settle where it may without policy changes that won't do what they are intended.
As usual, the government has acted too late. The markets were already correcting in B.C. and to a lesser degree in Ontario. Rather than working with Ontario to help slow real estate values they have chosen to punish the entire country and in doing so, have targeted a specific group within the real estate industry: mortgage brokers and moonline lenders. A poorly thought out policy which lacked any industry consultation.