Tag Archives: mortgage rates canada

Canada’s mortgage stress test was implemented in 2018 in an attempt to safeguard homebuyers against rising interest rates. However, this has become a contentious barrier to homeownership in today’s economic landscape. Many Critics argue that this once-prudent policy is now stifling the housing market and unfairly penalizing prospective buyers, prompting calls for its re-evaluation orContinue reading “Canada’s mortgage stress test reflects a policy that has outlived its purpose”