Moreover, a buying binge was expected ahead of Finance Minister Jim Flaherty's last round of mortgage restrictions back in March. (canadianbusiness.com)
But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG. (canadianbusiness.com)
Senate Banking may be more likely to consider related measures giving relief on some escrow requirements and balloon mortgage restrictions to banks, pushing the asset threshold up to $ 10 billion. (americanbanker.com)