| “The first measures that have been undertaken recently to cool the housing market in Vancouver and Toronto by being more restrictive in the ability to take out mortgages, I think actually they act against the interest of younger people and make it more difficult for them to take out a mortgage while interest rates are still low.These projections mirrored those of the B.C. Real Estate Association, which said earlier this week that millennials might lose as much as 1/5th of their purchasing power under the new rules.”Housing policy expert Duncan MacLennan said.
Whatever that suppose to mean, it is transparent attempt to limit people ,average homeowners from making investment profit from their Real Estate assets. Mark Pniewski –Realtor |
Escarpment Homes Niagara | Mark Pniewski, RE/MAX Escarpment Realty
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