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How Canada’s Mortgage Stress Tests Have Spiked Toronto Condo Prices

The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead? In October 2016, Canada’s Department of Finance introduced a significant change to the mortgage qualifying requirements for buyers with less than a 20% down payment (known as a 'high ratio mortgage'). Under...

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