The federal finance minister has scheduled an announcement for Friday morning at 9.30 which is widely anticipated to be about the housing market. Reuters reports that the announcement may set out the government’s plans for cooling the housing market, which could include the rumoured hike in minimum downpayment for CMHC-backed mortgages.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: