Photographer: Brett Gundlock/Bloomberg

Why Trudeau’s Tighter Mortgage Rules Are Likely Canada’s Last

  • Supply issues now main concern in Toronto housing market
  • Mortgage insurance conditions are now neutral, Dodge says

In 2006, in the middle of one the hottest years on record for Canadian housing, then Bank of Canada Governor David Dodge sent a testy letter to his counterpart at the country’s mortgage insurer warning about lax standards fueling demand for homes. Today, Dodge has new words of caution: worry more about supply.

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