5 October 2010

“Our task is to ensure the housing market and mortgage industry’s normal development. It shouldn’t overheat. We watch affordability, as well as the marginal investments”.
All this talking about mortgage new rules’ change came from Bank of Canada governor comments, who warned that consumer borrowing had to be changed.
Recently Mark Carney issued a warning to legislators about taking necessary measures to contain the growth of personal debt. He also said: “Even if it’s appropriate, low policy rates are still very risky”.