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Canada mulls higher down payments to cool property market
Toronto, Vancouver home prices remain on a tear and seen as overvalued
Published Thu, Dec 3, 2015 · 09:50 PM
Ottawa
CANADIAN government officials are pushing for tighter housing finance rules to cool soaring real estate markets in Toronto and Vancouver, according to people familiar with the plans.
The finance department recommends raising the minimum down payment on insured mortgages to as high as 10 per cent from 5 per cent for homes abo…
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