The federal government’s recently-announced changes to mortgage rules are designed to help first-time homebuyers get into the housing market. But as Anne Gaviola explains, new research from TD Economics suggests there could be unintended consequences — including the injection of a new “fragility” element into the broader financial system and the Canadian economy.
- Bank of Canada official warns about dangers of ‘tinkering’ with mortgage rules
- Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns