Treat Canadians like the responsible homeowners they are

New mortgage rules put in place by the federal government to cool the housing market may be unnecessarily hurting homebuyers who are more responsible than some regulators believe. North East Mortgages president Terry Kilakos said the rules around stress testing buyers are unnecessary because Canadian home-buyers aren’t over-leveraged and historically don’t go back on their…

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The Real Estate Show: Conservative MP Tom Kmiec denounces mortgage “gimmicks”

This year’s federal budget had some big-ticket items for real estate and, most importantly, some incentives for first-time homebuyers. But these measures are gimmicks, according to Conservative Deputy Finance Critic Tom Kmiec, member of Parliament for Calgary Shepard. On a recent episode of CJAD 800 Montreal’s Real Estate Show, Kmiec told host and North East…

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