New mortgage rules could hit Calgary market, and reduce temptation of debt – CBC.ca
One specialist worries new mortgage rules could make things more difficult for some Calgarians, but still argues the changes are prudent. As of Feb. 15, would-be homeowners across Canada now have to cough up a 10 per cent down payment on homes over $500,000, up from five per cent. “When you look at Calgary, four per cent of the market will…