CMHC defends mortgage stress test changes amid calls for loosening rules – Ladysmith Chronicle
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Five previous federal housing moves since 2008. A new stress test was also introduced to ensure that debt costs are no more than 44 per cent of income for lenders seeking a high-ratio mortgage. refinancing rules were also tightened for a third time, setting a new maximum loan of 80 per cent of a property’s value.
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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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Houses For Sale in Saint Joseph, IL 5 Things Every First-Time Home Buyer Needs to Know CMHC defends mortgage stress test changes amid calls for loosening rules – Keremeos Review OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in.