Financial Post | Business

You’re likely stuck in your current home because of new tougher mortgage regulations and ever-rising prices in the Canadian real estate market, according to a new report released Monday morning.

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Benjamin Tal, deputy chief economist with Canadian Imperial Bank of Commerce, says the old narrative of graduating from school, getting a job and then married is bumping up against new economic realities.

“The value of bigger and pricier properties is rising notably faster than less expensive properties — widening the gap between starter home and dream home,” Mr. Tal writes, in an economic paper.

He says while average prices have risen about 5% on a national basis, the percentage hides…

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