Quote:
Originally Posted by peter12
Feds don’t have jurisdiction here really. As usual, they can just spend money. Unless you are talking interest rates or mortgage stress tests in which case, I also doubt it.
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They've been pretty continuously changing the rules on mortgages for years now, up to and including CMHC tightening qualifying standards during the pandemic.
Their last ~5 rounds of tightening mortgage rules haven't stopped Toronto and Vancouver from going parabolic, and have almost certainly contributed to the long term downdraft here. The fact they've continued to go down that path doesn't suggest to me that they've figured out it isn't working.