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Keep Competition in the Canadian Mortgage Market

544 Comments

R
Rayna Boychuk
9 years ago

eliminating competition in the mortgage industry is not in the best interest at all for Canadians.

M
Mahnoush Kohpaei
9 years ago

concerned how these changes will impact mortgage financing for everyone

D
Dawn Stephanishin
9 years ago

Such unfair rules for average Canadians, Mortgages should not be government by Bureaucrats, that collect large salaries - that is not what the average Canadian has for income. The ability to access equity in their homes is not nor should it ever be a Government decision.

B
Bruno Diz
9 years ago

Canadians deserve choice!

C
Christina Horvath
9 years ago

reducing competition in the mortgage market puts a whole generation at risk and therefore our entire society.

A
Ana Costa
9 years ago

The recent rule changes will eventually strip the competition in the Canadian mortgage market effectively making mortgages more expensive for everyone.

R
Robert Campbell
9 years ago

Canadians need a competitive market to shop for their mortgage needs. These changes need to be reversed, or at the very least amended.

J
Jeff Jo
9 years ago

Canadian home buyers deserve variety of options for mortgages.

A
Ann Todd
9 years ago

Mandatory cooling off periods for resale purchases would go a long way to cooling markets and protecting buyers.

D
Diane Harling
9 years ago

Healthy competition please!

S
Sarah Schiess
9 years ago

Help hard working Canadians keep more money in their pockets. Don't penalize consumers so that banks can make more money. Competition keeps the market healthy and more responsible.

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Victor Catalan
9 years ago

We need to keep monoline lenders in business to compete against the big banks. Consumers have the right to chose and options make competition pro consumer.

K
Kathy Chaisson
9 years ago

The consumer is on the losing end of these rule changes

L
Luisa Hough
9 years ago

Listen to what we have to say.

A
Anonymous
9 years ago

Competition helps everyone right down to the end user.

V
Veronica Love-Alexander
9 years ago

I want mortgage options and the ability to use the equity in my home. These new mortgage rules hurt me and my family. I don't want to use a bank for my mortgage. The penalties are too high and the options don't benefit me. Monolines have great options for Canadians.

J
Jake Abramowicz
9 years ago

This is outrageous. A self-employed borrower can no longer refinance under the old-rules/old-rates. So what are they to do? Pay through the nose. Is this what we want for Canadian borrowers?

M
Meghan Van Houten
9 years ago

I think this is a great idea. I definitely agree that keeping the Canadian Mortgage Market competitive is the only way that the consumer will actually be given fair mortgage products and rates. Monopolies never benefit the consumer.

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Scott
9 years ago

Great idea. We definitely need to keep competition in the Canadian Mortgage Market Place.

J
Jayme L Knyx
9 years ago

New rules are extremely toxic for new home buyers...So much for True North strong and free!! Are home and an unaffordable land! In all thy mortgages command..