Two Thirds Approve of New
Mortgage-Lending Rules
Very popular in BC
TORONTO, October 13th
– In a random sampling of public opinion taken by the Forum Poll™ among 1437
Canadian voters, two thirds approve of the federal government’s new, stricter
mortgage lending regime, coupled with the elimination of the principal
residence tax exemption for foreign buyers (63%). Just one fifth disapprove
(18%) and a similar proportion do not have an opinion (19%). Approval of this
new, stricter lending regime is especially characteristic of the young middle
aged (35 to 44 - 68%), males (68%), the wealthiest ($100K to $250K - 73%), in
Ontario (67%) and BC (75%) and among the best educated (post grad - 74%). The
idea is more popular among home owners (68%) than among renters (55%).
“This new set of
regulations is locally popular, not surprisingly, in the two provinces where
real estate prices are increasingly unaffordable, Ontario (at least Toronto)
and BC (or, more properly, Vancouver). Still, it is interesting to see the high
level of approval among the very wealthiest and best able to afford costly
homes"
said Forum Research President, Dr. Lorne Bozinoff.
Lorne Bozinoff, Ph.D. is
the president and founder of Forum Research. He can be reached at lbozinoff@forumresearch.com
or at (416) 960-9603.
