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

Canada Mortgage and Housing Corporation (CMHC) has defended mortgage stress test rules and warned federal policymakers to hold the line amid calls from industry associations to ease the rules. "My job is to advise you against this reckless myopia and protect our economy from potentially tragic.

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 . . .

OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money.

OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money.

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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 . . .. CMHC defends mortgage stress test changes amid calls for loosening rules.. the smaller the stress test percentage. He rejected CMHC’s.

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.

 · 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.

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