CMHC defends mortgage stress test changes amid calls for loosening rules – Haida Gwaii Observer

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Canada Mortgage and Housing Corporation (CMHC) has defended mortgage stress test rules and warned federal policymakers to hold the line amid calls from industry associations to ease the rules. "My job is to advise you against this reckless myopia and protect our economy from potentially tragic.

Mortgage stress-test rules will make switching lenders harder, critics say Open this photo in gallery: People visit an open house for sale in Toronto, Friday July 14, 2017.

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The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. CMHC president Evan Siddall says in a letter to the parliamentary standing committee on finance that the new measure is working as intended to lower house prices.

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