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Ottawa's new mortgage rules take aim at 'pockets of risk' in housing market
The Globe and Mail Adrian Wyld/The Canadian Press Published December 11, 2015 This article was published more than 5 years ago. Some information in it may no longer be current. Text Size The Liberal government is overhauling the rules governing the mortgage industry in a bid to target what it said were "pockets of risk" in the housing market. The three-pronged approach includes doubling the minimum down payment for some home buyers, increasing the fees charged to lenders that securitize government-backed mortgages, and proposed changes that could require lenders to hold more capital again...
Source: theglobeandmail.com