Canadian Mortgage & Housing Drops a Bombshell

Posted by Michael Campbell & Ozzie Jurock

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ozie

Actually CMHC CEO threw grenades at the real estate market. Regulators are to push for higher interest rates, higher down payments, impose more mortgage qualifying restrictions, kill all provincial first time buyer programs and put a cap on the size of mortgages applicants can get.

….also: Live From the Trading Desk: Huge Moves – Time to TipToe Short Term

ozie