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CMHC defends mortgage stress test changes amid calls for loosening rules – Sooke News Mirror

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CMHC CEO defends mortgage stress test changes amid calls for loosening rules "The stress test is doing what it is supposed to do," CEO Evan Siddall wrote to parliamentarians. By: IE staff, with files from Canadian Press; May 23, 2019 June.

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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 . . .

The CMHC stress tested itself against a variety of economic shocks, including one scenario that led to a 31 per cent decline in house prices. (Brent Lewin/Bloomberg) The Canada Mortgage and.

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CMHC CEO 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 the measure to be changed.