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| possible tightening for self employed homebuyers http://www.hawthornevillager.com/phpbb/viewtopic.php?f=3&t=44289 |
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| Author: | christinajackson [ Tue Jan 31, 2012 10:34 am ] |
| Post subject: | possible tightening for self employed homebuyers |
Interesting article in the Financial Post today....If you are self employed and sitting on the fence you may want to consider buying/moving before Fed's tighten up on self employed borrowing policies. "Sources have indicated the government is already considering tough new measures for calculating how the self-employed qualify for loans and tightening regulations for condominium buyers, so there is probably little appetite for backstopping even more debt from CMHC. In addition to CMHC, the government has a $300-billion limit for private mortgage default insurers." for the full article: http://business.financialpost.com/2012/ ... wer-loans/ If you have any questions feel free to give me a call. 647-292-7597. |
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| Author: | williamb [ Tue Jan 31, 2012 1:49 pm ] |
| Post subject: | Re: possible tightening for self employed homebuyers |
Canada’s economy shrank 0.1% in November on weakness in oil and gas, utilities and construction, following a flat month in October and surprising economists who had forecasted 0.2% growth. With what is now two straight months of weak to middling GDP results after six months of increases from June to September, the Canadian economy is now on track for about 1.5% of annualized growth in the fourth quarter of 2011, economists forecast. Leave it to a banker to push you off a cliff. Hurry boys and girls. It wouldn't be the first time. Buy buy buy. Christina. You think the feds are trying to tell you something. |
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