Canada’s Superintendent of Financial Institutions has responded to calls for lower requirements on mortgage applicants, saying that lenders need to keep the “stress test” to ensure applicants will be able to pay their mortgages come what may, and to protect the nation’s financial system from risky loans. “Some have understandably argued that [we] should lower or…
‘Stress Test’ for Homebuyers Should Stay, Says Canada’s Bank Regulator
Housing Unaffordability: Feds Try to Increase Supply Without Cooling Demand
December 22, 2021
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Business & EconomyCanadaeconomic policiesGlobal Real Estatehousing affordabilityhousing supplyInvestmentmortgage stress testreal estateWorld
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Housing affordability in Canada is as bad as it’s been in over 30 years despite being a longstanding priority for Ottawa.
Mortgage Stress Falls to Near Record Lows for Australian Households: Roy Morgan
The number of households under ‘mortgage stress’ sharply fell to near record lows in mid-2021 despite the loss of JobKeeper, according to research by market search company Roy Morgan. The latest data, based on in-depth interviews over a rolling three-month period to May, revealed that the number of ‘at risk’ mortgage holders has fallen to…
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