The Canadian Press

2015-12-11 | Morneau Housing

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Federal Finance Minister Bill Morneau is increasing the amount home buyers must put forward as a down payment on houses over 500-thousand dollars.

Date: 2015-12-11
Placeline: OTTAWA.
Source: The Canadian Press
Length: 32 seconds

Transcript Prediction: << the movie is designed to cool off the booming real estate market in some of Canada's biggest cities particularly Toronto and Vancouver and while the Finance Minister won't say those titties are under a housing bubble Bill Morneau does say the government needs to ensure stability in the market home buyers will have to put 10% down to the portion of the price over $500,000 and then under 500,000 will steal only require 5% down payment as well financial institutions will face New Capital requirements and there will be new fees charged to issuers of mortgage-backed Securities Terri piccirilli Canadian press Ottawa >>