First Time Buyers - Tread Carefully

Your government is increasingly worried about you getting into the housing market, if you haven’t figured it out by now.

Ottawa has made it harder for you to get credit and is trying to limit how much debt you can take on. Has the message sunk in yet? The real estate industry says yes, and points to a dramatic drop in sales over the past few months as proof new mortgage regulations have stifled the market.

The lesson for consumers is to tread slowly.

It’s a reality check for a lot of buyers in the market for what they could realistically afford.

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