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Article content Canadian officials escalated efforts to cool the nation’s booming housing market, moving ahead with tighter mortgage qualification rules after the central bank issued a fresh warning against buyers taking on too much debt. Prime Minister Justin Trudeau’s government set a new benchmark interest rate on Thursday afternoon to determine whether people can qualify for mortgages that are insured by Canada’s housing agency. The move matches an April decision by the nation’s banking regulator to do the same for uninsured mortgages. We apologize, but this video has failed to load. Try refreshing your browser. Trudeau tightens up mortgage rules after Macklem sounds housing alarm Back to video

Erik hertzbergChrystia freelandJustin trudeauTiff macklemShelly haganKevin king winnipeg sun postmedia networkCanadian imperial bankNanos research groupOffice of the superintendent financial institutionsPrime minister justin trudeauPostmedia networkMinister justin trudeauFinancial institutionsCanada governor tiff macklemMinister chrystia freelandBloomberg news