Mortgage Stress Test
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OSFI sees mortgage stress test ‘imbalance’ at renewal but rules not changing yetCanada's banking watchdog acknowledges there's an 'imbalance' for insured and uninsured mortgage holders facing the stress test at renewal, but stands by the practice.MoneyJun 11
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Drop the mortgage stress test at renewal, competition watchdog urges OttawaThe Competition Bureau is urging the federal government to waive the mortgage stress test for all borrowers at renewal, arguing it can help Canadians get a better rate.MoneyMar 21
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Mortgage stress test to remain unchanged in CanadaThe stress test for both insured and uninsured mortgages in Canada remains unchanged, the country's banking regulator and finance minister confirmed.MoneyDec 12, 2023
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Ottawa loosens mortgage stress test in housing-focused fall fiscal updateThe fall economic statement proposed a new Canadian Mortgage Charter to set expectations for homeowners' interactions with federal lenders.MoneyNov 21, 2023
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Canadian home prices have stabilized. Will incomes ever catch up?The report calculated the minimum annual income needed to buy an average home in 10 of Canada's major cities and looked at how that amount rose between June and July 2023.ConsumerAug 16, 2023
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Banking regulator launching consultations on mortgage stress test as debt risks riseOFSI says that while the mortgage stress test has been helpful, more measures might be needed to reduce lending risks as debt-service levels surge.EconomyJan 12, 2023
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Looking to avoid the mortgage stress test? What to know about alternative lendersThe mortgage stress test is holding steady heading into 2023. For those boxed out of buying a home, is the alternative market an option? Here's what to know.MoneyDec 17, 2022
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Mortgage stress test remains unchanged. What that means amid higher interest ratesThe regulator in charge of Canada's mortgage stress test announced Thursday it will leave the qualifying standard where it is amid current high rates and economic uncertainty.EconomyDec 15, 2022
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Bank of Canada interest rate hike is a ‘hammer to housing’ market: BMO economistRising interest rates are dealing a heavy blow to Canada's previously hot housing market, according to an economist with BMO Capital Markets.EconomyJul 18, 2022
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1 in 4 homeowners say rising mortgage rates could push them to sell: surveyRising interest rates could push roughly one in four homeowners to a point where they have to sell their homes, according to a new survey.MoneyJun 13, 2022
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