Hang Tight or Loosen Up? What Direction are Canadian Lenders Going?

Canadian Bank regulators are beginning to show signs of frustration with some of the Canadian lenders that received huge injections of cash designed to encourage lenders to loosen the purse strings a little bit and let the mortgage market thaw.  

Lately, some Canadians have run into a brick wall when trying to refinance their existing mortgages or obtain brand new mortgage loans.  So will the new year bring more of the same – or will the cash finally start to flow?  

And what exactly will these decisions mean to you? In this insightful article in the Star, the author explains the short- and long-term credit market in Canada.  To read it for yourself and form your own opinion.

http://www.thestar.com/News/Canada/article/556259 

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