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after forecasting just a couple of weeks ago the canadian house prices were going to drop between 9 and 18 cmhc just went ahead and dropped another bombshell in the clean real estate market in that forecast theyd actually kind of hinted they were going to do this but theyve changed the lending requirements for somebody thats getting a cmhc insured mortgage in canada but their two competitors decided to stay put and not follow suit with those changes what does this mean for somebodys buying a house in canada well if youre getting a cmhc insured mortgage that means that buying power was reduced by about 10 so thats the maximum you can spend has been reduced by 10 percent because these new rule changes but it might make sense to go with those competitors that cmhc has because they didnt change those lending requirements and if you are buying in canada right now guess what interest rates theyre on the way down below two percent now in canada ive got all that and more on this episo