Mortgage rule crackdown spurring uninsured lrnding


Ottawa's crackdown on CMHC-insured mortgages is merely pushing people to get uninsured mortgages from other lenders, the International Monetary Fund warns.  In a recent report, the global monetary group repeated its warning about a Canadian housing market it describes as "overvalued."  A previous in-depth study released in late 2014 said house prices in Canada are likely between five and 20 per cent higher than they should otherwise be.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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