Canada’s competition watchdog is urging the federal government to drop requirements for some borrowers to pass the mortgage stress test at renewal because it can prevent them from getting the best rate. Nivrita Ganguly has the details in Business Matters for Friday, March 22, 2024.
- OSFI sees mortgage stress test ‘imbalance’ at renewal but rules not changing yet
- Drop the mortgage stress test at renewal, competition watchdog urges Ottawa