New mortgage rules could exacerbate housing slowdown says DBRS

New mortgage regulations introduced by the federal government are likely to slow down the housing market, ratings agency DBRS says. However, while income and population growth continue, it is not predicting a major impact.

DBRS says that if the rules prove to be overly tight then it could exacerbate market slowdown in Toronto, Vancouver, Calgary and Montreal. The banking sector is well-placed to cope with any housing correction though, the report says.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!