The federal government is once again considering changes to mortgage rules. The latest alterations will make it even more difficult for Canadians to own their home, but there’s still time to push back.

Join CREA's advocacy efforts and share your input through the REALTOR^® Action Network Call to Action.

Why your voice matters right now

The proposed mortgage changes would require lower-risk borrowers to be approved at two per cent above the rate offered by their lender. For example, if the contract rate offered is three per cent, lower-risk borrowers would have to qualify at five per cent.

This critically important issue may reduce the home buying power of consumers by up to 20 per cent. If passed, the measure could shut many consumers out of the market, drive them into less suitable housing or entice them to visit sub-prime lenders who are not federally regulated.

Your involvement in the call to action will strengthen the collective voice and advocacy of REALTORS^® on Parliament Hill.

For more information on the new proposed mortgage measures, click here.