Ottawa intends to introduce some limits on the use of mortgage insurance, a move it hopes will increase market discipline in residential lending and reduce taxpayer exposure to the housing sector.
The changes, announced in the federal budget on Thursday, will not have a direct effect on consumers wanting to take out mortgages. But it could cause banks to raise their rates or limit their lending.
http://www.bnn.ca/News/2013/3/21/Ottawa-to-put-limits-on-use-of-portfolio-mortgage-insurance.aspx#.UUx0awhxS8M.facebook
