Mortgage rules and winter weather can't chill home buyers

Globe and Mail

New, tighter mortgage rules didn’t stop 13 rival bidders from submitting offers for a semi-detached house in central Toronto on Tuesday. The Family Day holiday, a record cold snap and a snowstorm didn’t seem to slow them down either. Industry watchers are waiting to see if the action in Canada’s most frantic real estate markets will ease off a bit now that the federal government’s new rules surrounding mortgage insurance have come into effect.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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