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<br><br> Finance Minister Jim Flaherty’s new regulations to tighten mortgage lending will target the most at-risk borrowers and are unlikely to derail the country’s property market, economists say. Under the new measures, the Canada Mortgage and Housing Corporation will no longer backstop any loan longer than 30 years, down from 35 years. It will also no longer insure home equity lines of credit. The amount that can be borrowed against a home has also been cut to 85% from 90% of the value of the property. <br><br>

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Finance Minister Jim Flaherty’s new regulations to tighten mortgage lending will target the most at-risk borrowers and are unlikely to derail the country’s property market, economists say. Under the new measures, the Canada Mortgage and Housing Corporation will no longer backstop any loan longer than 30 years, down from 35 years. It will also no longer insure home equity lines of credit. The amount that can be borrowed against a home has also been cut to 85% from 90% of the value of the property.