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1. Research the Canadian mortgage rates and prepare a comparative statement. 2.Discuss the affordability issues in Toronto 3. The Federal Government now requires a stress

1. Research the Canadian mortgage rates and prepare a comparative statement.

2.Discuss the affordability issues in Toronto

3. The Federal Government now requires a "stress test" for all real property buyers who are purchasing with a mortgage. Discuss whether this is necessary or is an unnecessary restriction on the freedom to contract. Can you think of any unintended consequences that could arise from this requirement?

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