Stress Test Must Be Revised To Reflect Market Realities – Economist

Author: External Author | | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Improved purchasing power will stem from the mortgage stress test being updated to reflect the sub-2% rates currently available in the market, according to economist Will Dunning.

The disparity is particularly jarring when one considers that new borrowers are tested against an interest rate of 4.79%, Dunning said in an interview with the Georgia Straight.

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Original Article Source Credits:   Mortgage Broker News , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina

Original Article Posted on:  11 Sep 2020

Link to Original Article:  https://www.mortgagebrokernews.ca/news/stress-test-must-be-revised-to-reflect-market-realities--economist-333203.aspx



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