Lunatics have taken over the asylum.
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OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sourcesSupporters of easing say the stress test should be flexible and adjusted to account for interest rate moves and market conditions in your best Arnold Schwarzenegger accent because banks don't much like having skin in the game? stress test is for mortgage insurance which lets the bank off the hook if home owner defaults? Gtfo of here. Stop sacrificing the future of youth to help boomers out again. Keep the stress tests.
Source: nationalpost - 🏆 10. / 80 Read more »
Banks, Lobbyists Pressuring Canada To Loosen Mortgage Stress TestKeeping the mortgage stress test at its current level doesn't make sense when mortgage rates are rising, the industry says.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Banking watchdog says contentious mortgage stress test is safety buffer banks and borrowers needAnswer to the rising cost of housing cannot be more debt, says OSFI deputy
Source: nationalpost - 🏆 10. / 80 Read more »
As house prices slide, Jason Kenney urges elimination of mortgage stress test for AlbertansCalgary, where sales have been declining for 4 years, doesn’t have the overheating of Toronto and Vancouver, says UCP leader the mortgage stress test is to prevent people from committing too much to debt in an uncertain economy. In a NEGATIVE economy, Kenney thinks it is a good idea to let people borrow more than they can afford. Wouldn't a better policy be to support affordable housing? Wouldn’t personal responsibility be a better way to let peoplegovern their own lives. Wouldn’t a free market away from government meddling be a better approach. Just spit balling here but I think the government is the ones who screwed things up don’t look to them for a fix What a mess. Where’s Trudeau? Oot trying to impress corrupt UN nations. Worst PM ever. cdnpoli
Source: nationalpost - 🏆 10. / 80 Read more »
Canada’s housing crisis and mortgage stress test are officially election issuesDebate was sparked on Thursday by an NDP motion calling on the government to create 500,000 affordable housing units in the next 10 years Sunny Ways...
Source: nationalpost - 🏆 10. / 80 Read more »
Rising rates, tougher mortgage rules hit Toronto new home, condo sales last yearReport by Altus Group says sales of all types of pre-build homes in the GTA fell 40 per cent in 2018 This link wants your money
Source: globeandmail - 🏆 5. / 92 Read more »