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

The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. CMHC president Evan Siddall. from borrowing too much money. He says.

That represented a roughly two-per-cent rise since Ottawa’s new mortgage stress test for traditional. tougher government lending rules, higher borrowing costs and other factors. This is the first.

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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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