Canada's mortgage insurer tightens rules as it forecasts home-price drop of up to 18%
The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9 per cent and 18 per cent in home prices over the next 12 months.
Original Article Source Credits: Financial Post,https://business.financialpost.com/
Article Written By : Nichola Saminather
Original Article Posted on : June 4, 2020
Link to Original Article: https://business.financialpost.com/real-estate/mortgages/canada-mortgage-and-housing-corp-tightens-borrowing-rules-as-it-forecasts-9-18-home-price-drop