“New borrowing rules have hit homeowners so hard that it could undermine any economic recovery in Canada, says a new study from the country’s mortgage brokers.

The Canadian Association of Accredited Mortgage Professionals says since new rules went into effect in July, 2012, resale housing activity is 8% lower between August and October than a year earlier.” (Financial Post: November 19, 2012).

 

To view article in its entirety click link:

http://business.financialpost.com/2012/11/19/tighter-mortgage-rules-threaten-economys-recovery-brokers-warn/?__lsa=4bcb17c0

 

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