Oct
03
How Canada Has Tried to Cool Down Its Housing Market: Chronology
ByFinance Minister Bill Morneau’s decision Monday to tighten mortgage insurance eligibility is part of a long list of measures over the past decade to cool Canada’s housing market. Here’s a timeline of some of the major steps taken by policy makers.
October 2016
The federal government announces rules to tighten access to mortgage insurance for commercial banks and make it more difficult for foreign homeowners to claim a capital gains exemption after any home sale. Morneau also says he will start talks on whether banks should carry more risk in the housing market…
How Canada Has Tried to Cool Down Its Housing Market: Chronology
