mortgage stress test
It was already probably going to be a hot spring housing market. Now it will be even hotter.
The Conservative Party leader says he's "absolutely committed" to reviewing the rule.
But getting rid of it would mean a return to overheated house prices, a new report says.
According to the industry, the problem with Canada's housing market is we're paying off our mortgages too quickly.
Keeping the mortgage stress test at its current level doesn't make sense when mortgage rates are rising, the industry says.
A country that is already a top candidate for a financial crisis shouldn't be making it easier to borrow.