Canada New Mortgage Rules effective Oct 17th, 2016. Part 1
Tina Mak and Simon Kiing
Who is the Winner and Who is the Loser?
what is the ratio between foreign borrowers vs local borrowers in your career? when do you see the increase of foreign borrowers and why do they borrow? is it bc of our low interest rate? what price range of the properties these borrowers are buying? Vancouver, one of the best cities to live in the world. Do you see foreign national buyers will be discouraged by this and move their money to different cities like Toronto and Seattle as we saw the media report.