The federal government is taking another step in an effort to slow down the accumulation of debt of Canadian households. For the fourth time since 2008, Ottawa is tightening mortgage rules. Finance Minister Jim Flaherty has announced measures that will cut a maximum mortgage term from 30 years to 25 years. And the limit of refinancing loans is being sliced to 80 per cent of the value of a home, from the current 85 per cent.

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