CMHC defends mortgage stress test changes amid calls for loosening rules – Victoria News

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CMHC defends mortgage stress test changes amid calls for loosening rules Aleksandra Sagan, The Canadian Press, at 18:05 on May 23, 2019 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.

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CMHC CEO defends mortgage stress test changes amid calls for loosening rules.. 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.

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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

That represented a roughly two-per-cent rise since Ottawa’s new mortgage stress test for traditional. tougher government lending rules, higher borrowing costs and other factors. This is the first.

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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 potentially tragic consequences,” wrote president and CEO Evan Siddall in a letter dated.

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