Recently introduced rules increasing the size of downpayments for more expensive homes were balanced against the concern of triggering a slowdown in Canada’s housing market.

Documents obtained by the Globe and Mail under Access to Freedom show that ministers were keen to reduce the CHMC’s exposure to the heat in the housing market but officials advised finance minister Bill Morneau that any changes should not be a “significant drag on the housing market and economy.”

The memo also mentions a trend of homebuyers borrowing funds for downpayments but it is not clear whether this is a major concern for the government as many parts of the document are redacted.

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