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Rising interest rates and new mortgage rules are hurting prospective buyers who dream of homeownership. New research from Will Dunning, chief economist for Mortgage Professionals Canada, shows that prospective buyers are struggling due to the recent mortgage regulation changes.
The infographic explores the impact of new housing regulations. Research shows that federal government policies involving mortgage lending, combined with recent mortgage rate increases, have helped suppress housing activity across Canada. As a result, consumer sentiment regarding the housing market has shifted decisively downwards.
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Source: https://www.zolo.ca/news/infographic-impact-new-mortgage-stress-test
