Canada Mortgage and Housing Corp tightens borrowing rules as it forecasts 9-18% home price drop
The government-backed Canada
Mortgage and Housing Corporation on Thursday said it would
tighten borrowing requirements from July 1 for loans it insures
as it forecast a 9% to 18% decline in home prices over the next
12 months.
Mortgage and Housing Corporation on Thursday said it would
tighten borrowing requirements from July 1 for loans it insures
as it forecast a 9% to 18% decline in home prices over the next
12 months.
Posted by Reuters
