Well this may not be good news for those of us in small cities like Prince George. It appears those that are borrowing everything to own a home in the big cities may affect those of us that have very reasonable priced homes in smaller places. If 2010 was the year you were planning on buying your first home you may want to talk to your mortgage broker or banker soon than later.
"Finance minister tells CTV Ottawa may raise minimum down payment for home buyers and reduce amortization period to stop some from taking on too much debt"... Click Here for the rest of the info.
PS - Has the Prince George Market Stabilized? Get a report customized for you. Click Here
Dean Birks - REALTOR®
Royal LePage Prince George
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