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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 . . .
OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed.. cmhc defends mortgage stress test rules against 'tragic consequences' of loosening them. Get the business news and analysis that matters most every morning.
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CMHC defends mortgage stress test changes amid calls for loosening rules. Uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News
**2019 Mortgage Rules Update – 2019 Federal Budget** There have been several changes to the mortgage rules in Canada over the last 3 years. The most recent and future changes popped up in the just-proposed 2019 federal budget i.e. the First time home buyer incentive which is aimed at helping first-time homebuyers afford a home in Canada’s ‘hot’ real estate market.
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