Tag Archives: restrictions

As tougher mortgage rules slow housing market, critics call for a reversal

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The real estate industry has ramped up its attack on rules making it harder to borrow but its challenges face one big obstacle — mortgage restrictions are working exactly the way the federal government wants them to.

In the past week the Canadian Association of Accredited Mortgage Professionals weighed in with complaints that Ottawa’s restrictions were killing consumer confidence and even raised the stakes further by suggesting the entire Canadian economy was at stake.

Read more:  http://tinyurl.com/capbbl3  

Downtown parking restrictions approved

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In spring merchants along Turner Valley’s Main Street will no longer be faced with commercial vehicles taking up customer parking or blocking their businesses from potential shoppers.

Turner Valley town council unanimously agreed Nov. 19 to accept Turner Valley Protective Services’ recommendation to limit commercial parking on Main Street due to residents’ concerns about being struck by a vehicle due to lack of visibility when pulling onto or crossing the street and merchants’ concerns about commercial vehicles taking up customer parking and reducing the visibility of their businesses.

Read more:  http://tinyurl.com/cnfqt6e

Council votes down parking restrictions

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City council unanimously defeated one of its own bylaw amendments aimed at curbing the practice of parking RVs and truck-and-trailer combinations in commercial parking lots while also outlawing the practice of parking vehicles with for-sale signs on private properties next to roads.

The proposed bylaw amendments would have limited the amount of time any vehicle could park on a residential road. Under the existing legislation, which now remains unchanged, a vehicle can park on a road for up to 72 hours, while RVs and trucks and trailers were limited to 24 hours.

Read more:  http://tinyurl.com/af8lak9