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Marianne Horvat
RE/MAX River City
2852 Calgary Trail, Edmonton, Alberta
P: 780-485-5005
F: 780-980-2183
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Tuesday, February 16, 2010 -

NATIONAL POST - TUESDAY FEBRUARY 16, 2010:  "Ottawa -- Amid warnings about "reckless" housing speculation and overextended homebuyers, Finance Minister Jim Flaherty said Tuesday the federal government would make it tougher for people to get a mortgage.

He said at a Tuesday morning media conference that Ottawa would require all borrowers meet standards for a five-year fixed-rate mortgage, even if the buyer wants a variable rate mortgage. This measure would apply to all first-time buyers. Homeowners with insured mortgages are not affected, unless they choose at a later date to extend the amortization or look to refinance."

posted in General at Tue, 16 Feb 2010 12:35:35 -0700



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