Amortization cap will upset investors

I came across a great article by Canadian Real Estate Wealth titled Investors could be hardest hit by amortization cap, sharing some insights on Flaherty’s proposed changes to reduce conventional amoritzations to 25 years. The article goes on to say “Small property investors could soon find themselves with considerably less money to renovate new purchases if Jim Flaherty succeeds in winning a 25-year amortization cap on conventional mortgages.” “Flaherty and OSFI are reportedly considering the tighter mortgage rule as a way of further slowing the real estate market, which has already quieted down since Flaherty’s decision last summer to, among other things, reduce the maximum…