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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

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

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.

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 B.C. woman left ‘black and blue’ after being pushed off 40-foot cliff at lake

Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards-Guideline B-20-that will further tighten lending standards and affect borrowers and lenders alike.. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI) is the establishment of a new minimum qualifying rate, or "stress test," for.

New guidelines that will soon require uninsured borrowers to undergo a financial ‘stress test’ before securing a mortgage have – as one Ottawa realtor puts it – kicked the pursuit of a home.

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.

Canada Mortgage and Housing Corp. saw its mortgage insurance business continue to shrink in recent months as a result of tougher new qualification rules and declining home sales in the Toronto.