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CMHC defends mortgage stress test changes amid calls for loosening rules – Vancouver Island Free Daily

CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules ‘Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home.

Along with the Canada Mortgage and Housing Corporation (CMHC), Generation. has to be a place to call home,” said Kershaw. “Not a stock market, not a way to launder money, not a backyard that.

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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 defends mortgage stress test changes amid calls for loosening rules Aleksandra Sagan , The canadian press published thursday, May 23, 2019 2:52PM 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.

CMHC defends mortgage stress test changes amid calls for loosening rules A house for sale is pictured in this undated file photo. Aleksandra Sagan, The Canadian Press

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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 . . .

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