Morneau tightens mortgage requirements, Liberal MPs concerned new rules will shut out first-time homebuyers

Finance Minister Bill Morneau should have consulted the Liberal caucus before tightening rules, say Liberal MPs.

Finance Minister Bill Morneau, pictured recently in his department office in Ottawa. The Hill Times photograph by Sam Garcia

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BY ABBAS RANA

October 24, 2016

Liberal MPs are concerned sweeping mortgage rule changes introduced by Finance Minister Bill Morneau recently will exclude a significant number of first-time homebuyers from entering the housing market and are wondering why he didn't consult the national Liberal caucus or the House Finance Commit...

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