Canada should mull higher home down payments -housing agency chief

Nov 18 Canada should look at the
possibility of raising minimum down payments for homes to
address concerns about high levels of debt in an era of low
interest rates, the head of the country’s housing agency said on
Friday.The Canadian government recently tightened mortgage rules.
And late last year it increased down payments on the portion of
a home price above C$500,000 ($369,986.68) for buyers who need
government-insured mortgages.In a speech at an event held by the Bank of England, the
chief executive of the Canada Mortgage and Housing Corporation
called that increase on down payments an “initial step.” …
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