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New mortgage rule might ‘temper’ hot markets, but not for long

canada-business
The federal government announced in December that mortgage insurers, including the Canada Mortgage and Housing Corporation — by far the largest in the country — will require a 10 per cent down payment on any portion of a mortgage it insures above $500,000 and up to $999,000.

Source: New mortgage rule might ‘temper’ hot markets, but not for long – Business – CBC News

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