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Canada could raise home downpayments: housing agency head

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The combination of elevated home prices and household debt are "begging for a policy response", says Mr Siddall.

Ottawa

CANADA should look at the possibility of raising minimum downpayments for homes to address concerns about high levels of debt in an era of low interest rates, the head of the country's housing agency said on Friday.

The Canadian government recently tightened mortgage rules.

sentifi.com

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