New mortgage rules could lead to home sales dropping in Kamloops

New home buyers and anyone re-financing their home will be the most effected by new mortgage rules that kicked in yesterday

New home buyers and anyone re-financing their home will be the most effected by new mortgage rules

Teague Brinkworth, owner of Mortgage West (CBC)

New mortgage rules took effect across Canada yesterday.

The new measures are an effort to cool the red-hot housing markets in Vancouver and Toronto.

But the effects will be felt everywhere, including in Kamloops.

Teague Brinkworth is the owner of Mortgage West.

To listen to the full interview, click on the link: New mortgage rules may result in home sales dropping in Kamloops.