Write your MP on proposed mortgage changes
Switching to federal policy, the Office of the Superintendent of Financial Institutions (OSFI) is proposing changes to mortgage regulations that could make home ownership less affordable for many potential first-time buyers. Here’s a full rundown. This would be the seventh federal change in mortgage requirements in the last nine years.
The Canadian Real Estate Association (CREA) has organized a national letter-writing campaign in response to the OSFI proposal. They’ve set up this website for you to send a pre-crafted letter to your MP and federal Finance Minister Bill Morneau.
If you disagree with the OSFI proposal, visit the website and send your letter today.