The mortgage stress test is a tool used to ensure that buyers do not spend more on a home than they can actually afford.
You just lost 21% of your homebuying power.
If a bank can trust a lender, so can the government, she said.
They'll hurt resales. They'll only wound prices.
She is calling on the feds to make changes to their new mortgage rules.
Don't say the banks didn't warn you.
The regulations could prove "too constraining" in cities like Toronto and Vancouver.
Good news for Canadian financial stability, bad news for the house-hungry.
Says the guy who works on behalf of Canadian mortgage brokers.
Nationally, real estate markets remain healthy, with home values showing modest to strong price appreciation in almost every Canadian city. New measures introduced by the federal finance ministry on October 3, designed to cool the housing market, have led to a decline in sales in Vancouver.