Hate to be one of those folk that B.C. Housing Minister Rich Coleman believes has nothing better to do than get up and whine every day, but the B.C. government's affordable housing plan announced last week falls short. Sorry, someone had to say it.
According to the Canadian Payroll Association's survey of employed Canadians released in advance of this week's festivities, 53 per cent of British Columbians reported that "it would be difficult to meet their financial obligations if their pay cheque was delayed by even a single week."
New limits may force more borrowers to approach alternative lenders as a source for financing and may increase the percentage of parents taking out a second loan on their own home to help their adult children move into the housing market.