For Budget 2013, We as Realtor do have an interest as this is the core of our business. The first thing for finding a home for someone is making sure the Fainancing is in place, so therefore the Budget was of quite inportant to us.
The budget contains a few initiatives of interest to REALTORS®, and Boards and Associations: •Limiting insurance on pools of low ratio mortgages to only those used in Canada Mortgage and Housing Corporation securitization programs. This is being done to ensure that Canada's high lending standards are maintained and to prevent taxpayer exposure to mortgage lending losses. It will not impact creditworthy first time homebuyers; •The development of a comprehensive financial consumer code with the aim of ensuring consumers have proper information to make responsible financial decisions. From CREA