Dorris
20 November 2019 06:08
The Canadian Bankers Association (CBA) said inside a submission for the Department of Finance the proposal would undermine” use of mortgages for Canadians, by increasing mortgage rates, reducing competition and excluding many people from getting mortgages whatsoever.
Read the Full Report Our regulators owe it to Canadians to generate the MQR a fairer benchmark that is determined by real market rates as an alternative to arbitrary posted ones, and to make the rationale behind it more transparent.