Mortgage rules tightening as home prices expected to drop

Government rules around purchasing real estate are tightening, but the change comes as housing prices are expected to drop.

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13 comments

  1. So when housing was overvalued, banks made loans easier and the cost of money cheap to help fuel the hype.
    Now that values are going down to fair market, the banks find these smaller loans for the same asset more risky and therefore require tighter restrictions?

  2. We need to stop foreigner specifically China from buying up our real estate with there funny money as they are hurting our Canadian exporters.

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