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

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So stay tuned for more turmoil. In British Columbia, a court will rule today on a case seen as crucial for the future of the Trans Mountain pipeline expansion and Alberta’s efforts to get oil overseas.

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 3:40 p.m. News

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**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.

3 Things to Know in the Housing Market Today!  · Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

CMHC defends mortgage stress test changes amid calls for loosening rules . CMHC defends mortgage stress test changes amid calls for loosening rules . 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.