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A house is seen for sale on the real estate market in Toronto, April 9, 2009. It will be hard to create a national housing strategy because Canada doesn’t have a national problem. It has a patchwork of often conflicting regional challenges. (© Mark Blinch / Reuters)
A house is seen for sale on the real estate market in Toronto, April 9, 2009. It will be hard to create a national housing strategy because Canada doesn’t have a national problem. It has a patchwork of often conflicting regional challenges. (© Mark Blinch / Reuters)

Canada's banks brace for mortgage overhaul Add to ...

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Are you a first-time home buyer concerned about the housing rule changes? Email RYounglai@globeandmail.com and you could be featured in a story.

The Canadian government is responding to widespread concerns about the country’s housing market by introducing sweeping policy changes that will upend the way banks grant mortgages and assess the risks associated with them.

Ottawa targets foreign real-estate investment with new housing measures (BNN Video)
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