Back in February, the Canadian housing market looked to have hit a wall. The Government had recently implemented a range of macroprudential controls on high loan-to-value ratio mortgage lending, including shorter maximum loan amortisation periods i.e. 25 years instead of 30 years, and house prices had fallen for six consecutive months according to the Teranet repeat sales index.
via Canadian house prices set new record | | MacroBusiness.
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