“They will continue to change the rules and we will continue to find ways around them.”
In April, the Canada Mortgage and Housing Corporation changed some rules about how people obtain mortgages for rental income properties.
I’m sure they had their reasons, but for today, they don’t matter.
The Financial Post ran a story on Saturday explaining how one landlord with eight rental properties adjusted her game plan to deal with the new changes.
The article didn’t bother to explore why the CMHC made changes. Regulations are bad, don’t you know. The only story was the quote above.
Regulations are obstacles. They exist, but they shouldn’t. When they do exist, it is right to find ways around them.