stress test News and Articles | My Blog
OSFI seeks to address problem of fixed-payment variable-rate mortgages
9/8/2023 | Posted in Home Buyers by Paul DeAdder
It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that ... More
Canada's mortgage stress test: Obsolete or still doing its job?
8/14/2023 | Posted in Home Buyers by Paul DeAdder
Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer ... More
Toronto House Prices Jump By $130,000 In A Year
3/6/2020 | Posted in Toronto Real Estate by Paul DeAdder
Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" ... More
Changing the stress test may raise credit risk for banks says Fitch
2/27/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More
Morneau unveils new insured mortgage stress test rate
2/18/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Ottawa changing stress test rate for insured mortgages starting April 6.
... More2/10/2020 | Posted in GTA Real Estate by Paul DeAdder
Mortgage stress test forces homebuyers further outside GTA to find house they can afford.
... MoreFocus on housing supply, not the mortgage stress test, says Scotiabank CEO
2/5/2020 | Posted in Canadian Housing Market by Paul DeAdder
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test.
... MoreCEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More
Mortgage stress tests boosted Canada's financial stability: CMHC
11/6/2019 | Posted in Canadian Housing Market by Paul DeAdder
Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight.
... MoreMortgage Stress Test Sidelining Young Buyers
8/24/2019 | Posted in Home Buyers by Paul DeAdder
New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests.
... MoreCentral bank qualifying rate used in mortgage stress tests falls
7/21/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.
... MoreOREA calls for relaxed mortgage rules
7/18/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.
... MoreMortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... MoreRegulator defends mortgage stress test in face of pushback from industry
6/11/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.
... MoreIMF urges Canada not to change policy despite calls to ease mortgage stress test
5/22/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More
Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test
5/17/2019 | Posted in Home Buyers by Paul DeAdder
The Conservative Party leader says he's "absolutely committed" to reviewing the rule.
... MoreScrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says
5/1/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More
Mortgage stress test is helping fuel alternative lending boom
4/16/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage.
... MoreGTA REALTORS® Release March 2019 Stats
4/3/2019 | Posted in GTA Real Estate by Paul DeAdder
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March ... More
GTA home sales flat in March while prices edge up and listings fall
4/3/2019 | Posted in GTA Real Estate by Paul DeAdder
A flattened real estate market in the Greater Toronto Area has the region's real estate board again calling for revisions to stricter mortgage stress tests.
... More3/12/2019 | Posted in Canadian Housing Market by Paul DeAdder
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.
... MoreCanadian Housing Market This Bad Normally Means Recession: BMO
3/10/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.
... MoreCanadian Rental Rates Rise At Fastest Pace In 30 Years
3/3/2019 | Posted in Canadian Housing Market by Paul DeAdder
The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data.
... MoreRates Up, Prices Down, Stress Test Effects across Canada
2/27/2019 | Posted in Canadian Housing Market by Paul DeAdder
Here's what it takes to buy an average-priced home in Canada's major cities — and how choosing a 30-year mortgage would change that.
... MoreThe mortgage 'stress test' has started harming Canadians more than it helps
2/26/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Ten per cent of Canadians no longer qualify for a mortgage with banks.
... MoreDeep freeze in housing market suggests mortgage rules have overshot their mark
2/22/2019 | Posted in Canadian Housing Market by Paul DeAdder
While a decline in sales in January 2018 was expected, the decline this January was disturbing.
... MoreStress test is already obsolete
2/22/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head.
... MoreCanada's housing market still 'vulnerable' even as Toronto valuations cool, says CMHC
2/8/2019 | Posted in Canadian Housing Market by Paul DeAdder
The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More
Regulator OSFI opens door to easing Canadian mortgage rules
2/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More
Impact of tighter rules, interest rates greater than anticipated
2/1/2019 | Posted in Canadian Housing Market by Paul DeAdder
The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious ... More
