CMHC defends mortgage stress test changes amid calls for loosening rules – Lake Country Calendar

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CMHC says new mortgage rules are shrinking the size of the insured housing market Business is dropping because mortgages are now harder to get, but the quality of loans is improving

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CMHC’s senior V-P of insurance says decreased volumes have been steady throughout the year as a result of new federal regulations. Tougher stress-testing hits CMHC mortgage insurance volumes.

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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 3:40 p.m. News