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CMHC defends mortgage stress test changes amid calls for loosening rules

  • By Amy Taylor
  • Posted Monday, May 27, 2019 11:49 am

CMHC defends mortgage stress test changes amid calls for loosening rules

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 Siddall in a letter dated Thursday to the Standing Committee on Finance...[READ MORE]

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