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.
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CMHC defends mortgage stress test rules against ‘tragic consequences’ of loosening them | The Star . 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.
The Mutual Fund Dealers Association of Canada (MFDA) is warning reps that, although they may be licensed as mortgage brokers, they can’t sell syndicated mortgages outside of their MFDA dealer. In a.
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· OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money.
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The province announced it is adding 600 more camping spots to its most popular BC Parks. Tourism Minister Lisa Beare, MLA for pitt meadows-maple ridge, along with Environment Minister George Heyman made the announcement at the popular Golden Ears Provincial Park in Maple Ridge on Thursday.
Due to new mortgage rules that went into effect Jan. 1, 2018, all homebuyers getting either a high-ratio mortgage (those with a down payment of less than 20% on the purchase price on a home) or an uninsured mortgage (those with a down payment of at least 20%) are now subject to a mortgage stress test and have to qualify at a rate that’s.
News; About 2,700 units of new homes are built or underway for students, seniors, families and people experiencing homelessness in Greater Victoria.. CMHC defends mortgage stress test changes amid calls for loosening rules. Next story VIDEO: Canadian, U.S. Coast guards run oil spill response.