New Mortgage Rules For 2011: Crystal Ball-Gazing

You may already know about the new mortgage rules in 2011, and how they will impact your life but incase you need a refresher, we thought a look at the effects of these new rules would be good.

Canadian Mortgage Trends has taken a look at the ten effects these new rules may have, and this includes unsecured debt usage raising, negative personal consumption after softening home prices and rising rates. They also look at how depressing mortgage volumes will result from reduced purchase and refinance demand. Read the full 10 effects here.

Ted Rechtshaffen from the Globe and Mail also looks at how these new mortgage rules could help you lose out, and specifically retirement goals for some people. Let us know what you think of the new mortgage rules in the comments.