Help me understand the Feds plan of higher deposits.

Help me understand the Feds plan of higher deposits. On Dec 11/15, Finance Minister Bill Morneau announced that CMHC will begin to require a 10% down payment for home purchases valued between $500,000 and $999,999. http://www.cbc.ca/news/politics/morneau-home-ownership-finance-1.3360610 How is this going to curb or keep in check the ever increasing housing costs in the GTA? From…

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