Housing Market Correction

• Ottawa has no future plans to help cool Canada’s housing market, Bill Morneau says

  Earlier this month, the government tightened mortgage rules and closed a loophole on home sales, the second time it has acted in the last year to cool a market that some fear has become too hot.

  Consumer

  Oct 28, 2016
  
• Ottawa looks to shift some mortgage loan default risks from taxpayers to banks

  The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.

  Consumer

  Oct 21, 2016
  
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• New real estate rules to dampen home sales beyond Toronto and Vancouver, banks say

  Finance Minister Bill Morneau announced “three complementary measures designed to reinforce the Canadian housing finance system.”

  Consumer

  Oct 4, 2016
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• Ottawa needs to cool down Toronto, Vancouver real estate markets, OECD urges

  The OECD says in a report issued today that the possibility of a housing market correction, particularly in Toronto and Vancouver, could threaten the country's financial stability.

  Consumer

  Jun 1, 2016