It could get tougher for homebuyers to get a mortgage if the federal government opts to curb the housing market. The Financial Post reports that Ottawa is undertaking consultations to ascertain whether it should impose new rules to take the heat out of the market. Options being considered include raising the minimum downpayment and imposing specific conditions for high-value housing. The Department of Finance denies considering changes to downpayment requirements. The article suggests that tougher mortgage lending restrictions such as a 20-year maximum amortization or tweaks to mortgage insurance are also being considered. 

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