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âSound residential mortgage underwriting is always important for the safety and stability of financial institutions,â Jeremy Rudin, head of the Ottawa-based agency, said in a statement. âToday it is more important than ever.â
The move comes amid a surge in housing prices thatâs raising concern among policy makers and economists. Cheap mortgages and new remote-working conditions have spurred a frenzy of demand for more spacious homes, with house hunters bidding up prices across the country.