Should All Lenders Have to Comply with Mortgage Stress Tests?
It’s been more than a year since the new B20 housing regulations were introduced in Canada, and along with it the stress tests for uninsured mortgages.
Although only federally regulated lenders are required to comply, some outside that scope have also embraced stress testing.
Even if you are B20-exempt, is your portfolio protected from a downward turn in the Canadian housing market?
See the full blog on Purview to find out what to do. Read more: https://www.purview.ca/mortgage-stress-testing-for-b-lenders-and-private-lenders/