Housing Harder to Qualify for than Consumer Debt!!!

Have Your Say!

The latest round of mortgage rule tightening was intended to reduce the high level of debt Canadians are carrying. But the only thing that’s slowing is the ability to buy a home in Canada.

I wonder if I made a Mistake ????

According to a report by Transunion, the average Canadian non-mortgage debt reached $26,221 in July 2012 up  $192,  from the previous quarter

Did Jim Flaherty do the right thing or did he just make it harder for Canadians to achieve home ownership?

What are your thoughts on this?  Please leave a comment below.

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