Mortgage stress tests unchanged despite housing market slowdown
Posted: Dec 19th, 2022In: ConstructionNewsMortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market. The Office of the Superintendent[...]
Read More about Mortgage stress tests unchanged despite housing market slowdownFederal banking regulator holds uninsured mortgage stress test rate steady
Posted: Dec 21st, 2021In: ConstructionNewsOTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold. The Office of the Superintendent of Financial Institutions said Friday the minimum qualifying[...]
Read More about Federal banking regulator holds uninsured mortgage stress test rate steady