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stress test

Banking regulator defends stress test, open to change when warranted

Armina Ligaya, THE CANADIAN PRESS Feb 7, 2019

Canada's financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed on national home sales, but said it is open to changes when warranted.…

Building

Toronto real estate board calls on Ottawa to revisit mortgage stress test

Linda Nguyen, THE CANADIAN PRESS Feb 6, 2019

Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing…

Building

Home sales fall across Canada to reach their lowest level in 3 years: CREA

Aleksandra Sagan, THE CANADIAN PRESS Feb 16, 2018

A flood of buyers and sellers looking to close deals late last year ahead of looming tighter mortgage rules resulted in a 14.5 per cent "payback'' drop in home sales between December and January, market watchers said Thursday.Economists…

Real Estate

CREA cuts 2017, 2018 forecast due to incoming tighter mortgage rules

THE CANADIAN PRESS Dec 14, 2017

The Canadian Real Estate Association (CREA) says it has cut its home sales forecast for next year due to the impact of tighter mortgage regulations taking effect in the new year, which will erode affordability.The association representing…