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Under attack, Jim Flaherty defends mortgage meddling


Political | 207692 hits | Mar 20 4:10 pm | Posted by: Strutz
8 Comment

On the eve of the federal budget, Finance Minister Jim Flaherty is defending his decision to meddle in Canada�s mortgage market, warning that historically-low interest rates may entice Canadians to borrow more than they can afford.

Comments

  1. by avatar saturn_656
    Thu Mar 21, 2013 12:05 am
    This government is beginning to greatly displease me.

  2. by avatar raydan
    Thu Mar 21, 2013 12:08 am
    The problem isn't lower rates, the problem is lending money to people who don't qualify for a loan.

  3. by OnTheIce
    Thu Mar 21, 2013 12:13 am
    He has zero business meddling in this. Bad call.

  4. by avatar raydan
    Thu Mar 21, 2013 12:16 am
    I don't like this, as much as I didn't like Government incentives for home ownership.

  5. by avatar saturn_656
    Thu Mar 21, 2013 12:40 am
    I don't much care for governments that negatively impact my bottom line (one of the big reasons why I loathed McGuinty, he hit my bottom line in multiple strikes). My mortgage is up for renewal shortly. :evil:

  6. by avatar Benn
    Thu Mar 21, 2013 1:11 am
    "raydan" said
    The problem isn't lower rates, the problem is lending money to people who don't qualify for a loan.


    +2

  7. by Anonymous
    Thu Mar 21, 2013 1:54 am
    Jim Flaherty adds $150B to national mortgage, then lectures on evils of too much debt

    ROTFL

  8. by Lemmy
    Thu Mar 21, 2013 2:12 am
    Why was a lawyer ever put in charge of finance in the first place, especially a Harris retread that proved he didn't know his ass from a hole in the ground when he had the provincial portfolio? You get what you pay for.

  9. by avatar Zipperfish Gold Member
    Thu Mar 21, 2013 4:23 am
    Hey, they got Peter "Anchorman" Kent in Environment. "What's a science?"

  10. by avatar martin14
    Thu Mar 21, 2013 6:16 am
    Well, he is right from the point of view of the dangers if interest rates start
    heading up again.

    Remember the 80's ?


    I'm guessing a lot of Canadians don't.




    But he should tighten the rules for mortgages, not asking banks to change
    the rates.



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