Canada eyes stricter rules for mortgages

Discussion in 'Economics' started by Kassz007, Feb 11, 2010.

  1. http://www.reuters.com/article/idCAN1123601620100211?rpc=44

    "...the principal proposal was to require banks to consider whether a person who takes out a variable-rate mortgage can continue to make payments if interest rates were to go up significantly."



    Risk aversion over greed. That's the name of the game.