Tag Archive: politics

Canada’s Finance Minister influences the mortgage market more than any other politician, and now we’re getting a new one. Finance Minister Bill Morneau, who’s held that role since November 4, 2015, is out. He resigned today. To say Morneau was pro-mortgage tightening is an understatement. The 57-year-old Liberal cabinet minister presided over numerous impactful changes to Canada’s mortgage market, including:...

The latest party trying to win your vote with promises of housing affordability is the Conservative Party of Canada. Here’s a quicklook at what it announced Monday… Idea #1 Conservative Proposal: “Fix the mortgage stress test to ensure that first-time homebuyers aren’t unnecessarily prevented from accessing mortgages and work with OSFI to remove the stress test from mortgage renewals to...