Mortgage News
Have tougher mortgage rules created stronger borrowers?
A discussion with Benjamin Tal, Deputy Chief Economist at CIBC and Andrew Charles, CEO of Canada Guaranty, about the possibility that tougher mortgage regulations have created a generation of stronger and more qualified mortgage borrowers.
Published
In their latest public statements, the Bank of Canada has softened their language when it comes to Canadian debt levels, prompting the belief they are less concerned than they previously were about the possibility of an impending housing crash.
A recent interview with Andrew Charles of Canada Guaranty and Benjamin Tal of CIBC examines the possibility that the mortgage regulations implemented last year have strengthened the average Canadian mortgage borrower.