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CMHC defends mortgage stress test changes amid calls for loosening rules – North Delta Reporter

CMHC says new mortgage rules are shrinking the size of the. – CMHC says new mortgage rules are shrinking the size of the insured housing market Business is dropping because mortgages are now harder to get, but the quality of loans is improving

OSFI's new mortgage stress test may arrive sooner than you. – OSFI’s new mortgage stress test may arrive sooner than you think Open this photo in gallery: Houses with ‘sold over asking’ signs in Mississauga, west of Toronto.

CMHC defends mortgage stress test changes amid calls for loosening rules. uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News

“Never in our wildest dreams did we think this would happen to us,” MacIsaac told CP24 reporter Cristina Tenaglia before the march began. macisaac joined Yatim’s family and others to call for changes.

CMHC insurance volumes plunged 41% after mortgage rules tightened. In its quarterly financial results posted Tuesday, the Canada Mortgage and Housing Corporation said that it insured just over 48,000 new mortgages between January and March, a 41 per cent decline from the previous three-month period.

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New mortgage rules take effect Monday, Oct. 17 | CTV News – The head of the federal housing agency is raising a red flag about the state of Canada’s real estate sector, saying affordability concerns have spilled over from the country’s two most expensive.

Metro Vancouver mayors are renewing their call for federal parties to establish a dedicated transit fund, as Canada inches closer to the election this fall. Mayors’ Council executive director Mike Buda said the fund would allow them to plan longterm.

Chef shares a taste for global favours – Surrey Now-Leader – Chef shares a taste for global favours. From Jamaican jerk to Portuguese Peri Peri, crocodile to kangaroo, Flaming Ice fires a global grill. cmhc defends mortgage stress test changes amid calls for loosening rules.. Mayors renewing their call for transit funding as federal election looms

Make passports free to ease new no-fly list measures, federal. – OTTAWA – A federal advisory panel says Ottawa should consider making passports free to everyone for one year to ease the introduction of new no-fly list procedures. The coming changes will . . .

OSFI Unveils New Stress-Test Rules. Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards-Guideline B-20-that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI).