Canadian Mortgage News – April 2017


As an Ottawa mortgage broker, I am dedicated to helping my clients exceed their financial goals, no matter what they are. In order to be the best that I can be at helping my clients succeed financially, I strive to be as knowledgeable and prepared as possible.

That is why I stay up to date on industry news, especially as it affects my clients in Ottawa, Oshawa and the surrounding areas.

You may be aware of the new mortgage regulations that were put into place a few months ago. These new rules have caused a lot of uproar throughout the mortgage industry as they have a profound impact on most potential Canadian homeowners.

These changes were not necessarily welcomed by most mortgage professionals because they make it harder for our clients to get the loans they need, which is our ultimate goal as brokers – we want our clients to be able to purchase the homes of their dreams.

In an effort to inform the government of the possible consequences of these most recent changes to Canadian mortgage regulations, some prominent members of the mortgage industry came to Ottawa to participate in a new event, Parliament Hill Advocacy Days.

The main topic of discussion was the potential economic effects of the new mortgage rules that were put into effect in October of 2016, as well as those that were made in January of this year.

These discussions were not brought about because we are expecting immediate change, but because we want the Government to understand the burden that has been placed on many Canadians wishing to purchase a home, but no longer can.

It was the hope of the group who made arguments against certain aspects of these new rules that their insight will be taken into careful consideration and potentially reflected in any future changes.

As always, I am here to help my clients navigate through these uncertain times. I pride myself on my continued service to my clients and to find them the perfect mortgage options to match their financial needs. I work with my clients to make sure they are getting the mortgage options they deserve.

If you have any questions about what these mortgage regulations could mean for you, give me a call today at 1 (888) 421-9330. I am happy to help!