i just thought i would share (although im a bit late with it) my thoughts from working in the bank.

This news came out on the 16th http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/02/new-mortgage-rules-the-good-the-bad-the-ugly.html

but it is going to be many times harder to get a mortgage and even an line of credit going forward. The maximum length of term has also been retracted i believe from 40 -30 year length for mortgages.

I think there is a lot of likely hood this shows it self down the road in real estate and rental prices as its going to be a lot harder to finance. In the long run i agree with the principle but i think this will hurt investment in canadian real estate for awhile.

p.s. good call to all of you that warned about a further gold correction. im starting to wonder if ill start picking up some mines soon.