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On New Mortgage Rules

Bank-of-Canada-Mortgage-RatesDoug Porter and Benjamin Tal on the possibility of the government enacting new mortgage rules:

  • “I don’t think it’s a foregone conclusion that they do anything.” – BMO’s Doug Porter
  • “I will not be surprised if they leave mortgages alone and deal with other loans. It’s not just a mortgage story, it’s an overall story. A lot of the debt that you see in non-mortgage loans are basically real-estate-type loans as well, so they’ll attack the whole space if they do anything.” – CIBC’s Ben Tal

Source: CTV