Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Why Canada’s banks are so silent on mortgage changes Add to ...

Subscribers Only

One by one, the list of critics is growing. First, mortgage brokers made a stink about Ottawa’s new mortgage rules, then alternative lenders spouted off. On Friday, the Canadian Real Estate Association warned that first-time home buyers will suffer, and cautioned the Canadian economy could, too.

Amid all this hating, one group has been notably silent – Canada’s big banks. And there’s a particularly good reason why: They largely approve of the crackdown.

Report Typo/Error

Follow on Twitter: @timkiladze

Also on The Globe and Mail

How new rules will affect first-time home buyers (CP Video)

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular