Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year.
Executives at Mattamy Homes, North America’s largest closely held home builder, said the rules have brought about the desired soft landing and are not needed as much now that interest rates are rising. The Canadian Home Builders’ Association said the rules are hitting millennials and struggling markets like Calgary particularly hard…
Source : South China Morning Post
Read more…Time to relax mortgage regulations, say Canada home builders