My Opinion : Really why not implement these rules 10 Years ago ? and Have a TDS calculator to include food ! Because food is not free !! I forcast by 2020 -2022 food will be out of reach by middle class citizens
Ottawa plans to move forward with regulations that would make it tougher for Canadians to qualify for uninsured loans, affecting consumers with down payments of 20 per cent or more.
In final guidelines published Tuesday, the Office of Superintendent of Financial Institutions even tweaked its original proposal forcing borrowers to also qualify for mortgages based on a potentially higher Bank of Canada five-year posted rate, a restriction Ottawa forced on all government-backed loans back in 201