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Mortgage rule changes expected to have impact

Even in a relatively calm market like Prince George, the pending changes to the mortgage rules are going to send a ripple, says a local real estate agent.

Even in a relatively calm market like Prince George, the pending changes to the mortgage rules are going to send a ripple, says a local real estate agent.

Daryl Muchowski is expecting a rush on purchases in the days leading up to April 19 when qualifying for a government-insured mortgage will be made tougher.

"There very well could be a bit of a push in the next couple of months to get in before the new regulations (come into effect)," said Muchowksi, a past president of the B.C. Northern Real Estate Board.


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