I think it is a step in the right direction.. They are trying to prick the bubble without bursting it too quickly.
The incentive is to make people save more to pay up front rather than participate as quick as you can on shaky financial ground. Besides it is the 4th year of TFSA (at a market low point too), people who are really saving (at least 20k), should have made plenty from that by now, even if they are risky the funds should be able to cover it.
Remember CMHC is basically the tax payer, any rule to tighten / secure it is a good thing for everyone.
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Originally Posted by sonick
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