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CMHC defends mortgage stress test changes amid calls for loosening rules

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The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations. "My job is to advise you against this reckless myopia and protect our economy from.

CMHC defends mortgage stress test changes amid calls for loosening rules. uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations.

OTTAWA – Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May,

But Chief Executive Carrie Lam did not formally retract the legislation. She also said she hopes to finish her term, shrugging away calls for her resignation. Lam acknowledged that it was unlikely she.

CMHC defends mortgage stress test changes amid calls for loosening rules A house for sale is pictured in this undated file photo. Aleksandra Sagan, The Canadian Press

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations.

CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules ‘Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home.

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The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations. "My job is to advise you against this reckless myopia and protect our economy from potentially tragic consequences," wrote president and CEO Evan [.]

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