CMHC defends mortgage stress test changes amid calls for loosening rules – Nanaimo News Bulletin

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CMHC defends mortgage stress test changes amid calls for loosening rules Aleksandra Sagan, The Canadian Press Published Thursday, May 23, 2019 7:06PM EDT

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations."My job is to advise you against this reckless myopia and protect our economy from

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The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from . . .

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Disheartening as that thought might be, the mortgage stress test is a good way of ensuring that you don’t end up under a serious amount of debt that you won’t be able to handle over time. True, you may not have the home you dreamed of, at least at first, but you also won’t be getting in over your head.

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CMHC defends mortgage stress test changes amid calls for loosening rules. Uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News

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