Using a shotgun to kill a house fly

There is more news this week about the potential of changes in the mortgage market. I will not be surprised to see changes to HELOCS or maximum amortizations coming down the bend. The article below is another great commentary on the impending changes. I have been saying for months that increasing interest rates is not the answer to the housing market correction. There would be a larger impact economically due to global factors. It's nice to see that someone is agreeing with me J I would not be getting too concerned about changes just yet. The truth is that there is nothing concrete about what will be proposed or even when. We have a relatively healthy economy in Canada and, so long as we don't go forgetting that our American big brother is still down in the dumps, we should be just fine. All the best! Jamie Moi, AMP Dominion Lending Centres - West Coast Mortgages Your mortgage consultant for life 604-534-6504 jamiemoi@jamiemoi.com And don't forget to Like my Facebook page at www.facebook.com/JamieMoiMortgageTeam.