Canada Regulator Eyes Tougher Mortgage Rules Amid Bubble Fears

Canada Regulator Eyes Tougher Mortgage Rules Amid Bubble Fears
Theophilos Argitis, Bloomberg News
A "For Sale" sign in front of a home in the York neighborhood of Toronto, Ontario, Canada, on Thursday, March 11, 2021. The buying, selling and building of homes in Canada takes up a larger share of the economy than it does in any other developed country in the world, according to the Bank of International Settlements, and also soaks up a larger share of investment capital than in any of Canada’s peers. Photographer: Cole Burston/Bloomberg
, Bloomberg
(Bloomberg) -- Canada’s bank regulator is proposing to tighten mortgage qualification rules to make it more difficult for home buyers to secure financing, a move aimed at easing financial stability risks stemming from a booming real estate market.

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