The changes to the Canadian mortgage finance market in the last 60 days have caught many by surprise and the future is blurry at the moment. Even the mortgage lenders/banks are confused with round two of the new CMHC rules, effective Nov 30, 2016. Some lenders have already left or restructured their role in the mortgage market, impaled by the combination of events and their inability to respond. My biggest concern as a mortgage broker is loss of borrower options.  Our industry has sent delegations to Ottawa, and we have written our MPs and their eyes glaze over.  

I know a number of readers of this Realtor blog are from rural communities, and I wanted to touch on one of the changes that is going to rock owners in rural communities and no-one sees it yet.