Changes to Income Property Lending
A research project.
by Dave Williams
As a result of some recent analysis on property sales in Ottawa ( My 2012 roundup series) I noticed a sharp decline in income properties sales and a slide in average prices.
A chat with one mortgage broker revealed that the banks themselves have been tightening up their lending rules, or at least a few that she worked with.
What I’m hoping to do is collect some more experiences from Mortgage Brokers of how they have noticed the lending rules have/haven’t changes in the last 6 months in regards to income property lending.
Please weigh in below with your comments and experiences.