The Stress Test is Here to Stay

Evan Siddall, chief executive officer of Canada Mortgage and Housing Corp. has become a passionate defender of the tougher mortgage qualification rule because he felt no one else was publicly standing up to support the federal program against criticisms from groups working in the real estate sector. He claims Canada would need a “calamity” in the housing market to warrant adjusting the mortgage stress test, which is helping affordability.

Reference: https://www.theglobeandmail.com/business/article-easing-the-mortgage-stress-test-would-increase-debt-bump-housing