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Wednesday, May 13, 2015

CMHC’s tighter mortgage rules succeed in reducing exposure

Ottawa’s attempts to play a smaller role in Canada’s housing market are having a noticeable impact, as the federal housing agency reported the total value of its mortgage insurance continued to shrink in 2014 driven by a series of measures to tighten mortgage rules.
http://www.theglobeandmail.com/report-on-business/cmhcs-tighter-mortgage-rules-succeed-in-reducing-exposure/article24316220

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