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CMHC defends mortgage stress test changes amid calls for loosening rules – Cloverdale Reporter

CMHC defends mortgage stress test changes amid calls for loosening rules May 23rd, 2019 updated The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the. The Toronto Blue Jays have signed Canadian pitcher Jeff Francis to a minor-league contract and claimed outfielder Andy Dirks off waivers from the Detroit Tigers.

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.

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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 industry associations. "My job is to advise you against this reckless myopia and protect our economy from.