A sound financial system also
requires macroprudential tools to lean against credit cycles.
Not exact matches
While real estate might be a product of local markets, probably the single biggest reason for the potential nation - wide real estate slowdown in 2017 are
macroprudential measures introduced in late 2015 and throughout 2016 (and possibly stretching into this year, should banks be
required to cover a portion of mortgage default losses).
In Canada, these
macroprudential measures included the increase to minimum down payments
required for home purchases over $ 500,000 and the requirement of all high loan - to - value borrowers (and those who chose amortizations over 25 years) to qualify based on posted mortgage rates, rather than discounted mortgage rates.