The Canadian housing market has seen its share of turbulence since Trudeau took office in November of 2015. Data from Canadian Real Estate Association (CREA) suggests that houses in the Greater Toronto Area experienced over 20% increases from 2016 to 2017. So, new mortgage rules new rules are expected to take effect early 2018. Many mortgage professionals think that these changes will really impact the real estate industry and home affordability should continue to decrease. Here's our prediction for how the 2018 Canadian mortgage rules will affect the market: For some, the changes can provide many opportunities.

Source: Forbes January 26, 2018 13:52 UTC