Here’s What Happens When CMHC and MPC Bosses Verbally Spar Over YOUR Ability to Buy a Home or Renew a Mortgage

There is always something in the news about the current housing/real estate market, whether it’s:

  • the lack of affordable housing
  • real estate purchased through money laundering
  • mortgage stress tests
  • first time home buyer incentives
  • supply and demand (sellers and buyers markets)

boxing glovesBut when the head of Canadian Mortgage and Housing Corporation (CMHC), Evan Siddal, and Mortgage Professionals Canada (MPC) chief, Paul Taylor take their squabbles public, it’s time to sit up and take notice.

Ultimately, YOU are the one making the final decision whether to buy a home (regardless if it’s your first, second or third) or stay in your current situation. YOU have a right to know AND have a say.

Here are the Topic Contenders in the Title Bout:

  • Stress Testing & the Economy
  • Stress Testing Renewals (or lack thereof)
  • Consumption Risk
  • Slowing Home Prices
  • First-Time Home Buyer Incentive

Read the opinion.

Take a stand

Talk to your local Member of Parliament about your concerns. MPs are elected officials responsible for representing YOU and delivering your message to Ottawa. Change happens when a collective voice expresses discontent.

Be informed

Connect with me anytime you have a mortgage question. I’m here to help!

Tracy’s Trails and Tribulations

Tracy Irwin collage May 2019

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