4 big changes to Canadian mortgages

Why some think new rules are a 'drag' on the market

In July, a host of regulatory changes governing Canada’s mortgage market went into effect, all of which were designed to temper what the government considered was a national housing market in danger of overheating.

After the implosion of the housing bubble and the disastrous deflation of home prices in the United States and other global economies, regulatory agencies everywhere have become more astute stewards of residential lending practices, ready to swoop down like superheroes to make sure everything is right in the world.