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Canadians do not like new rules

Canadians do not agree with the federal government's mortgage lending crackdown. A new survey reveals that 23% of Canadians do not agree with the recent federal changes to mortgage lending rules, stating that the new measures reduce options for people looking to buy a home. In an effort to avoid a U.S.-style housing market meltdown Canadian Govt. last month tightened up the rules governing mortgage lending practices in Canada. Support for the federal government's recent crackdown on mortgage lending rules is much higher in the Western provinces than in the East, according to a survey.

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