Welcome to the summer of 25 year amortizations!
You’ve made it to the end of another weekend and that means it’s time for our regular end of the week news round up and open topic discussion thread.
Lots of ink spilled over the new mortgage regulations released yesterday.
Here are a few links to kick off the chat:
-New rules in effect July 9th
-How rules effect mortgage numbers
-How new rules will sink houses prices
-Final OSFI guidlines released
-Brokers not so happy
-Inventory growth takes a breather
-Be very afraid of the Canadian bubble
-Falling prices, no more home ATMs
-Moody’s downgrades RBC 2 notches
-USA 2006 “I’m not giving it away”
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!