A recent Reuters article quoted three unnamed sources who stated that the Canadian government is considering applying mortgage stress test rules to private lenders – rather than just those who are federally regulated.
Finance Minister Bill Morneau quickly shut down the rumours, but amid calls for stress test reform, the question remains. Should the stress test be applied to private mortgage lenders?
Purview examines what the data has to say on the blog. Read more: https://www.purview.ca/mortgage-stress-test-rumours-private-mortgage-lenders/.