Canada continues to hammer the housing market with new rules

New rules finalized

Rules, not the rates, the housing market is controlled in the future.

In the last 6 months, there has been a new rule after the other to the Canadian. Today, the regulators supported a rule that would allow eligible borrowers to 2 percentage points above the contract rate, even if they put 20%.

TD economists estimate that the new rules will depress the demand for housing of 5% to 10%. On the price, they expect a 2-4% of the drag.

These rules are hitting a market that is suddenly cool, so risks abound.

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