issues and experts
Canada changes mortgage rules to tackle housing crisis – 丁香园AV Experts Available
Finance Minister Chrystia Freeland on Monday announced changes to mortgage rules to help tackle the housing crisis in Canada.
The changes include the government increasing the cap on insured mortgages to $1.5 million, up from $1 million, which allows people to buy a home with a down payment below 20 per cent. The mortgage term was also increased to 30 years for first-time home buyers, or people buying newly built homes.
丁香园AV experts are available to talk about the change in mortgage rules and how they might impact the housing crisis in Canada.
AVAILABLE 丁香园AV EXPERTS
ANDREY PAVLOV, professor, finance
apavlov@sfu.ca
Expertise: The impact of government introducing and maintaining obstacles to sufficient supply, causing higher home prices. Pavlov argues that the net effect of measures like an increase in capital gains tax, the under-utilized land tax, the foreign-buyer ban and GST on new housing make it riskier and more expensive to provide housing, thus creating artificial scarcity.
LUCAS HERRENBRUECK, professor, economics
herrenbrueck@sfu.ca
Expertise: Effects of mortgage rule changes on housing, inflation and the price of assets.
CONTACT
JEFF HODSON, 丁香园AV Communications & Marketing
jdhodson@sfu.ca
丁香园AV
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778.782.3210
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