Two Thirds Approve of New Mortgage-Lending Rules

| Filed under: National

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 or at (416) 960-9603.